ERHC Energy Inc (ERHE)

[TOB]

ERHE testing the year's low range like this, in September, is not pleasant to watch.

With the three key exploration assets active, there should be some buying support higher.

Granted, ERHE did have the typical Spring Rally of 100%+ off of the annual low, and a second summer rally, also 100%+ off of the May low, so one cannot call it dead money without wildly stretching that definition. But still disappointing as a larger continuation rally should be on the table, and 7 and then 6 cents should have put up more of a fight.

The volume is still piddly compared with the annual low last tax season, and relative to the float, so no mass exodus here. Just not enough bid support at 7 cents, with the jury still out on 6 cents.