ERHC Energy Inc (ERHE)

[DegenerateGambler]

The chart below is for June. Is should be noted that the high for every day in June was at least 6.4 cents with the most recent three days 7, 7.4 and 7.4 cents. The biggest problem is the anemic volume, with is only averaging about 100k shares traded. This translates into an average dollar volume of only ~$7,000 a day. In order for this stock to become a recognized actively traded company, the trading volume MUST be in the several millions daily, with frequent days in the tens of millions.

Will that ever occur? Well the trades may increase when the initial findings are announced, but not in the range of millions of trades. Maybe when oil drilling is announced trading will get to the millions, but we really need an oil discovery to trade in the millions on a daily basic. Maybe in 2015, but not this year.


Historical Prices
 Date   Open   High   Low   Close   Volume   Adj
Close 
 2014/06/20  0.073  0.074  0.063  0.067  96,500  0.067
 2014/06/19  0.063  0.074  0.063  0.064  145,429  0.064
 2014/06/18  0.069  0.070  0.059  0.069  93,535  0.069
 2014/06/17  0.065  0.066  0.060  0.066  224,220  0.066
 2014/06/16  0.060  0.065  0.059  0.064  202,035  0.064
 2014/06/13  0.065  0.065  0.057  0.065  39,256  0.065
 2014/06/12  0.064  0.064  0.052  0.064  91,870  0.064
 2014/06/11  0.066  0.066  0.062  0.064  167,755  0.064
 2014/06/10  0.065  0.066  0.055  0.066  139,350  0.066
 2014/06/09  0.059  0.065  0.058  0.065  218,333  0.065
 2014/06/06  0.060  0.066  0.052  0.066  274,938  0.066
 2014/06/05  0.055  0.064  0.055  0.064  189,246  0.064
 2014/06/04  0.062  0.064  0.060  0.060  16,320  0.060
 2014/06/03  0.059  0.064  0.055  0.064  141,372  0.064
 2014/06/02  0.062  0.066  0.059  0.064  100,542  0.064