Encounter has been having a good run this year and looks to be about to breakout and run again. Up 15% today on strong volume but still at a reasonable value area based on RSI and 90-Day trading range. Could be worth a watch.
Encounter Resources Limited is an Australia-based exploration and resource development company. The Company's principal activity is mineral exploration. The Company's Yeneena project covers over 1,800 square kilometers tenement package in the Paterson Province of Western Australia located between the Nifty copper mine, the Woodie Woodie manganese mine, the Telfer gold-copper mine and the Kintyre uranium deposit. The Yeneena Project includes the BM1, BM7 and BM8 copper prospects. The Yeneena Project Gold Claw-back relates to various exploration licenses: E45/2500, E45/2501, E45/2502, E45/2503, E45/2561, E45/2657, E45/2658, E45/2805 and E45/2806. Its Millennium zinc project consists of exploration licenses, which include EL45/2501, EL45/2561 and over four blocks of EL45/2500 in the Paterson Province of Western Australia. The Company's subsidiaries include Encounter Operations Pty Ltd, Hamelin Resources Pty Ltd and Encounter Yeneena Pty Ltd.