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Stocks of the Hour: ENR, BCB, LEL

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Encounter Resources (ASX:ENR) announced that their West Arunta gravity survey reveals extraordinary new targets for copper, gold and rare earths. MD Will Robinson said: โ€œthe survey provided important geological context, key structural information and high-quality new targets.โ€ Shares are trading 21.43 per cent higher at 25.5 cents.

Bowen Coking Coal (ASX:BCB) announced that the Department of Climate Change, Energy, the Environment and Water intends to approve a Proposed Action, which will enable a Mining Lease to be granted upon finalisation of land access agreements for the Isaac River project. Nick Jorss, BCB Executive Chairman said, โ€œAs the Bowen Basinโ€™s newest independent coal producer, weโ€™re here to meet the growing demand for energy and steelmaking coal.โ€ Shares are trading 6.1 per cent higher at 21.75 cents.

Lithium Energy (ASX:LEL) announced massive intersections of lithium brine continue at their Solaroz project in the famous โ€˜lithium triangleโ€™ region of South America. William Johnson, Executive Chairman: โ€œFurther assay results [show] potential for the intersections to therefore increase even further in each hole.โ€ Shares are trading 12.64 per cent higher at 98 cents.

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