Coro Energy (CORO)

Sector:

Energy Producers

0.033p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.29
  • 52 Week Low: 0.030
  • Currency: UK Pounds
  • Shares Issued: 2,866.86m
  • Volume: 54,944,035
  • Market Cap: £0.93m
  • RiskGrade: 570

Coro Energy losses widen on acquisition costs

By Iain Gilbert

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Euro-Asian gas explorer Coro Energy said the first half of 2018 was "a busy and exciting time" for the firm, with senior personnel changes and corporate consolidation allowing it to achieve scale in its European business.
Coro Energy's results from its "transformational" period which saw the AIM-listed firm reboot itself through the combination of Sound Energy's Italian assets and Saffron Energy.

Coro saw production total 203m cubic feet of gas throughout the half and generated €1.1m of revenue during the period thanks to a strong Italian gas price of €6 per thousand cubic feet, on average.

The group made a pre-tax loss of €2.4m for the period, a 166% widening on the previous year, primarily driven by costs associated with its acquisition of Sound Energy and the AIM readmission process.

In addition to opening an office in London and raising €16.1m for its expansion in South East Asia, Coro appointed James Menzies as its new chief executive during the half.

Post-period end, Coro entered into its first maiden deal in South East Asia - agreeing to acquire a 42% interest in the Bulu production sharing contract in the shallow waters of the East Java Sea, Indonesia.

James Menzies, Coro's chief executive officer, commented: "With the first transaction now signed, we are continuing to build momentum, with a pipeline of accretive deals continuing to be developed."

As of 1230 BST, Coro shares had slipped 0.60% to 4.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coro Energy Market Data

Currency UK Pounds
Share Price 0.033p
Change Today 0.005p
% Change -13.33 %
52 Week High 0.29
52 Week Low 0.030
Volume 54,944,035
Shares Issued 2,866.86m
Market Cap £0.93m
RiskGrade 570

Coro Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.14% below the market average20.14% below the market average20.14% below the market average20.14% below the market average20.14% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
95.57% below the market average95.57% below the market average95.57% below the market average95.57% below the market average95.57% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Income Not Available
Growth
24.81% above the market average24.81% above the market average24.81% above the market average24.81% above the market average24.81% above the market average
46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average

Coro Energy Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:43 10,000,000 @ 0.032p
16:10 6,000,000 @ 0.035p
16:08 9,971 @ 0.035p
13:58 424,652 @ 0.035p
13:53 16,922 @ 0.030p

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