Kibo Energy (KIBO)

Sector:

Mining

Index:

FTSE AIM All-Share

0.21p
   
  • Change Today:
      0.010p
  • 52 Week High: 0.90
  • 52 Week Low: 0.17
  • Currency: UK Pounds
  • Shares Issued: 1,294.49m
  • Volume: 19,475,552
  • Market Cap: £2.72m

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Kibo Energy makes 'steady progress' across portfolio

By Iain Gilbert

Date: Tuesday 24 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Multi-asset energy firm Kibo Energy has continued to make "steady progress" across its portfolio of advanced power generation and mining projects across Sub-Saharan Africa and the UK.
Kibo said on Tuesday that it had utilised its established international relationships with key development partners to help advance its four current projects, which were directly positioned to address major energy issues in Africa and closer to home in the UK.

The AIM-listed group said it had taken "a longer-term view" and recently introduced renewable energy solutions into its strategy by signing a collaboration agreement with ESS Tech, a leader in the design, manufacture, supply and installation of long-duration energy storage technology.

"This is a major milestone, as it opens new avenues in terms of renewable co-generation with our coal power projects and provides us with a significant advantage over our competitors," said chairman Christian Schaffalitzky at the annual meeting.

Kibo said the Mabesekwa coal project in Botswana and the Benga pure energy project in Mozambique were both advancing, while its Mbeya coal-to-power asset in Tanzania was making headway after a disappointing start to the year.

"Looking ahead, as our projects advance and de-risk, I am certain that the disparity between our asset value and our market capitalisation will be recognised and corrected," said Schaffalitzky.

As of 0945 BST, Kibo shares had picked up 3.70% to 0.70p.

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Kibo Energy Market Data

Currency UK Pounds
Share Price 0.21p
Change Today 0.010p
% Change 5.00 %
52 Week High 0.90
52 Week Low 0.17
Volume 19,475,552
Shares Issued 1,294.49m
Market Cap £2.72m

Kibo Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.27% above the market average49.27% above the market average49.27% above the market average49.27% above the market average49.27% above the market average
58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average
Price Trend
95.09% below the market average95.09% below the market average95.09% below the market average95.09% below the market average95.09% below the market average
96.72% below the sector average96.72% below the sector average96.72% below the sector average96.72% below the sector average96.72% below the sector average
Income Not Available
Growth Not Available

Kibo Energy Dividends

No dividends found

Trades for 07-Jul-2020

Time Volume / Share Price
15:49 5,920,001 @ 0.25p
17:06 1,050,000 @ 0.21p
16:35 526,393 @ 0.21p
16:23 1,387 @ 0.29p
16:19 100,000 @ 0.25p

Kibo Energy Key Personnel

CEO Andrew Lianos

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