Scirocco Energy (SCIR)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.35p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.58
  • 52 Week Low: 0.23
  • Currency: UK Pounds
  • Shares Issued: 900.50m
  • Volume: 2,342,996
  • Market Cap: £3.15m
  • RiskGrade: 514

Scirocco Energy upbeat on performance of GGL investment

By Josh White

Date: Wednesday 02 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Investment company Scirocco Energy updated the market on its operations on Wednesday, having recently supported Energy Acquisitions Group (EAG) in the acquisition of its first cash generative anaerobic digestion asset, Greenan Generation (GGL).
The AIM-traded firm said that as a result, it holds a 50% interest in GGL.

It said fourth quarter revenue from GGL totalled £0.3m, supported by high power prices through the period, rising from £0.23m at the same point in 2020.

At current power price levels, EBITDA for the first 12 months of EAG ownership was estimated to exceed £0.6m, rather than the £0.47m guidance the company previously issued.

"We are delighted to see excellent operational performance supported by the current high wholesale power prices," said chief executive officer Tom Reynolds.

"EAG's experienced team have begun investing to automate and future proof the asset and are making clear headway with an attractive pipeline of opportunities to support further investment.

"Scirocco's 50% interest in EAG represents a robust, scalable platform primed for growth and we look forward to working with the team going forward."

At 1046 GMT, shares in Scirocco Energy were up 0.31% at 0.8p.

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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.

 

SCIR Market Data

Currency UK Pounds
Share Price 0.35p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.58
52 Week Low 0.23
Volume 2,342,996
Shares Issued 900.50m
Market Cap £3.15m
RiskGrade 514

SCIR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.14% above the market average67.14% above the market average67.14% above the market average67.14% above the market average67.14% above the market average
71.05% above the sector average71.05% above the sector average71.05% above the sector average71.05% above the sector average71.05% above the sector average
Price Trend
20.91% below the market average20.91% below the market average20.91% below the market average20.91% below the market average20.91% below the market average
14.63% above the sector average14.63% above the sector average14.63% above the sector average14.63% above the sector average14.63% above the sector average
Income Not Available
Growth Not Available

SCIR Dividends

No dividends found

Trades for 23-Feb-2024

Time Volume / Share Price
16:26 75,000 @ 0.30p
16:05 1,000,000 @ 0.31p
15:08 6,600 @ 0.31p
12:10 1,000,000 @ 0.35p
09:30 23,734 @ 0.38p

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