Corcel (CRCL)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.35p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.05
  • 52 Week Low: 1.10
  • Currency: UK Pounds
  • Shares Issued: 440.88m
  • Volume: 235,877
  • Market Cap: £5.95m
  • RiskGrade: 424

Corcel acquires 'shovel ready' Avonmouth gas peaking project

By Iain Gilbert

Date: Friday 28 May 2021

LONDON (ShareCast) - (Sharecast News) - Natural resource exploration and development company Corcel said on Friday that it has acquired the "shovel ready" Avonmouth 50-megawatt gas peaking project outside of Bristol from FPC Electric Land.
Corcel acquired exclusive rights to 100% of the Avonmouth project, as well as an additional 15-megawatt of potential grid connection capacity and associated land, in order to further expand its growing flexible grid solutions project portfolio for a total consideration of £144,000.

The AIM-listed group stated £72,000 was payable now, while a further £72,000 was due at financial close, with the group also striking an agreement with FPC Electric Land on a 30-year project land lease.

Chief executive Scott Kaintz said: "Our expanding partnership with Electric Land brings with it a dovetailing of capabilities and interests; ours in the underlying energy projects themselves and theirs in the land ownership and ongoing land lease revenue.

"Our present intention is to seek to bring Avonmouth to financial close during the course of 2021 leveraging the existing efforts already underway for Tring Road and Burwell, marketing the project portfolio jointly."

As of 0855 BST, Corcel shares were up 14.14% at 2.0p.

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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 1.35p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.05
52 Week Low 1.10
Volume 235,877
Shares Issued 440.88m
Market Cap £5.95m
RiskGrade 424

Corcel Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average
46.9% below the sector average46.9% below the sector average46.9% below the sector average46.9% below the sector average46.9% below the sector average
Price Trend
51.64% above the market average51.64% above the market average51.64% above the market average51.64% above the market average51.64% above the market average
38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
15:31 127,536 @ 1.38p
14:39 14,425 @ 1.32p
12:44 26,190 @ 1.32p
12:34 18,652 @ 1.32p
10:13 10,000 @ 1.32p

Corcel Key Personnel

CEO Scott Christopher Kaintz

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