Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

0.18p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.76
  • 52 Week Low: 0.13
  • Currency: UK Pounds
  • Shares Issued: 5,665m
  • Volume: 3,184,307
  • Market Cap: £9.91m

Active Energy awarded Canadian patent for 'CoalSwitch'

By Josh White

Date: Wednesday 09 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Biomass-focussed renewable energy technology company Active Energy has been awarded a 'notice of allowance' for the Canadian patent for its 'CoalSwitch' process and the beneficiation of biomass, it announced on Wednesday.
The AIM-traded firm said the notice would ensure it held the legal rights to exclude any other Canadian company from producing, selling or using the claimed CoalSwitch process for 17 years after the date of issue.

It said the proprietary process included subjecting steam-exploded biomass to a second washing step, to remove additional salts and light volatile compounds derived from the biomass.

The new patent combined with the United States patents already received in 2020 for its CoalSwitch and 'PeatSwitch' technologies.

Active Energy said it was filing further patent applications in the US, Malaysia, Thailand and Europe.

"The receipt of these further patents for our CoalSwitch product is a positive step forward for Active Energy Group, creating a larger, more secure market for this innovative biofuel," the board said in its statement.

"We look forward to continuing to develop the patent portfolio for the Company and to expanding outside Canada and North America."

At 1349 BST, shares in Active Energy Group were up 1% at 0.66p.

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AEG Market Data

Currency UK Pounds
Share Price 0.18p
Change Today 0.005p
% Change -2.78 %
52 Week High 0.76
52 Week Low 0.13
Volume 3,184,307
Shares Issued 5,665m
Market Cap £9.91m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average26.03% above the market average
3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average3.03% below the sector average
Price Trend
93.74% below the market average93.74% below the market average93.74% below the market average93.74% below the market average93.74% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
9.95% above the market average9.95% above the market average9.95% above the market average9.95% above the market average9.95% above the market average
25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average

AEG Dividends

No dividends found

Trades for 17-May-2022

Time Volume / Share Price
16:27 10,000 @ 0.18p
14:22 1,000,000 @ 0.17p
13:51 736,116 @ 0.17p
13:32 10,140 @ 0.18p
13:25 290,000 @ 0.17p

AEG Key Personnel

CEO Michael Rowan
Finance Director Andrew Diamond

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