Proactive Investors - Run By Investors For Investors

Enerji Resources queried on price rise

Enerji Resources queried on price rise

Enerji Resources (ASX:ERJ) shares have spiked over 100% to an intraday high of $0.012 since the 22nd August, attracting interest from the ASX.

The company responded that it does not consider its R&D Tax Refund in isolation to be information that a reasonable person would expect to have a material effect on the price or value of its securities.

It also commented that recent trading activity was not considered unusual for ERJ shares.

The company focuses on technology that transforms waste heat into electricity, reducing energy costs and CO2 emissions.

ERJ's most advanced project is in the Pilbara, with a configuration similar to the Carnarvon pilot plant in Western Australia, but with the key addition of supplementary heat from a solar thermal technology.

The project incorporates the improvements that were identified during the Carnarvon pilot plant trials.

Late last year ERJ revealed that it was producing electricity from waste heat at full system capacity in Carnarvon.

The company is capitalised at around $7 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full ERJ profile View Profile

Enerji Ltd Timeline

Newswire
October 18 2016
Newswire
October 11 2016
Newswire
August 04 2016
Newswire
November 30 2015

Related Articles

Hydrogen
July 12 2018
Work with partner De Nora has the potential to slash the cost of hydrogen power.
Honda car
Fri
Ceres Power has six collaborative partners including Weichai Power, Bosch, Cummins, Nissan, Honda and another undisclosed company.
turbine
October 30 2018
Each turbine at MeyGen is capable of generating £100,000 in revenue per month

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use