Powerhouse (PHE), ECR Minerals (ECR) & UKOG: 3 AIM stocks to buy

Image Source: Eliz A, Shutterstock.com

Highlights 

  • Powerhouse Energy Group’s development partner Hydrogen Utopia International inked a framework agreement with Linde Engineering, for the supply of PHE’s DMG® technology in Hungary, Greece and Poland.
  • ECR Minerals announced the completion of 1,545 metres of diamond drilling at HR4 (Cherry Tree).

AIM-listed mining and energy stocks are currently the most sought-after investment options, as investors want to make the most of the attractive return offered by these stocks. Let us review in detail the investment potential vested in three AIM-listed mineral and energy stocks - Powerhouse Energy Group, ECR Minerals and UK Oil & Gas.

(Data source: Refinitiv)

Powerhouse Energy Group Plc (LON: PHE)

Powerhouse Energy Group is a technology company engaged in transforming plastics and waste into clean hydrogen, chemical precursors and energy. Its DMG® technology has a production capacity of over 58MWh of exportable electricity daily and around 2 tonnes of road-fuel grade hydrogen.

Powerhouse Energy had entered a collaboration agreement with HU2021 International UK Limited last month. HU2021 is a 100% owned subsidiary of Hydrogen Utopia International Plc, to commercialise the deployment of DMG® technology outside the United Kingdom. 

Recently, Powerhouse Energy Group also announced that its development partner Hydrogen Utopia International inked a framework agreement with Linde Engineering, for the supply of DMG® technology in Hungary, Greece and Poland.

The shares of Powerhouse Energy Group closed at GBX 4.60 on Friday, 19 November 2021. The market cap of the company is £181.72 million.

ECR Minerals Plc (LON: ECR)

ECR Minerals is involved in the exploration and development of gold in Australia. The company owns Bailieston Project (EL5433) that is operated under its Mercator Gold Australia, a wholly-owned Australian subsidiary. It announced the completion of 1,545 metres of diamond drilling at HR4 (Cherry Tree).

For the yearly period ended 31 March 2021, ECR Minerals recorded a total expense of £468,112 and its total assets were valued at £6.52 million compared to £2.28 million in 2020.

The shares of ECR Minerals closed at GBX 1.35 on Friday, 19 November 2021. The market cap of the company is £13.30 million.

UK Oil & Gas Plc (LON: UKOG)

UK Oil and Gas Plc is an oil and gas company engaged in their exploration and production. In September, UK Oil & Gas announced the completion of a planned two-week upgrade of the production facility to its 85.635% owned Horse Hill oil field. The major upgrades include modifications for automated 24-hour operations and installation of permanent facility equipment as per the Health and Safety Executive's Control of Major Accident Hazards (COMAH) regulations.

In October, the Isle of Wight Council's Planning Committee rejected UKOG’s application for the appraisal and testing of the Arreton discovery located within the 200 sq. km PEDL331 licence.

UK Oil and Gas reported an operating loss of £1.02 million for the six months to 31 March 2021 compared to £0.90 million in 2020. The company’s revenue increased from £0.08 million for the half-year ended 31 March 2020 to £0.72 million for the same period in 2021.

The shares of UK Oil & Gas snapped the session at GBX 0.11 on Friday, 19 November 2021. The market cap of the company is £18.27 million.


 

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