Corcel (CRCL)

Sector:

Mining

Index:

FTSE AIM All-Share

0.85p
   
  • Change Today:
      0.002p
  • 52 Week High: 1.36
  • 52 Week Low: 0.23
  • Currency: UK Pounds
  • Shares Issued: 1,675.88m
  • Volume: 11,808,834
  • Market Cap: £14.21m
  • RiskGrade: 424

Regency Mines acquires 50% stake in Weirs Drove Development

By Iain Gilbert

Date: Friday 19 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Natural resources exploration and development company Regency Mines acquired a 50% interest in Weirs Drove Development on Friday.
Regency's Flexible Grid Solutions division purchased the stake in Weirs, a British developer of energy storage and solar projects based in Cambridgeshire, for £25,000 in cash and agreed to lend a further £100,000 after the first WDD energy storage project reaches "shovel ready" status.

In order to fund the acquisition, Regency has undertaken a fundraising of £210,000 at £0.01 per share, a 5.3% premium to the closing bid price.

Chief executive Scott Kaintz said: "We are delighted to expand our flexible grid solutions business with multiple new UK projects, several of which have early potential to be revenue-generating and one of which comes with an offtake offer from Limejump, a Shell subsidiary.

"This acquisition is intended to deliver our key corporate objectives of near-term cash generation and follows our recent discounted debt acquisition bolstering our Battery Metals business, which is already benefitting from recent encouraging movements in Nickel prices."

As of 1045 BST, Regency shares were up 3.08% at 1.00p.

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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.

 

Corcel Market Data

Currency UK Pounds
Share Price 0.85p
Change Today 0.002p
% Change -0.24 %
52 Week High 1.36
52 Week Low 0.23
Volume 11,808,834
Shares Issued 1,675.88m
Market Cap £14.21m
RiskGrade 424

Corcel Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.8% below the market average53.8% below the market average53.8% below the market average53.8% below the market average53.8% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average
86.01% above the sector average86.01% above the sector average86.01% above the sector average86.01% above the sector average86.01% above the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 23-Feb-2024

Time Volume / Share Price
16:10 1,400,000 @ 0.72p
16:35 1 @ 0.85p
16:35 1 @ 0.85p
16:29 269,185 @ 0.74p
16:20 201,898 @ 0.74p

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