Verditek (VDTK)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 3.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.25
  • 52 Week Low: 3.55
  • Currency: UK Pounds
  • Shares Issued: 215.45m
  • Volume: 15,000
  • Market Cap: £8.19m
  • Beta: 0.11

Verditek snaps up remaining share of solar subsidiary

By Duncan Ferris

Date: Friday 17 May 2019

LONDON (ShareCast) - (Sharecast News) - Verditek on Friday took complete control of Greenflex Energy Limited, which had previously been its 51% owned subsidiary, and liquidated asset holding company Greenflex RSM.
The AIM-listed company said that gaining complete control of the subsidiary and assets has allowed Verditek Solar Italy to quickly refurbish manufacturing facilities and refine the formulation of lightweight PV modules, resulting in a novel solar PV product that is significantly lighter and easier to install than conventional panels.

This in turn has opened up new market opportunities with clients who could not consider a solar solution due to the weight and installation challenges of conventional panels.

Chief executive Geoff Nesbitt said: "The acquisition of the minority interest in Greenflex Energy and liquidation of Greenflex RSM allows us to operate decisively. A tremendous amount of work and commitment has been invested to turn this facility around and it will be gratifying to benefit fully from our efforts."

Verditek's shares were down 3.10% at 7.51p at 1057 BST.

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Verditek Market Data

Currency UK Pounds
Share Price 3.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.25
52 Week Low 3.55
Volume 15,000
Shares Issued 215.45m
Market Cap £8.19m
Beta 0.11

Verditek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.22% above the market average13.22% above the market average13.22% above the market average13.22% above the market average13.22% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
81.1% below the market average81.1% below the market average81.1% below the market average81.1% below the market average81.1% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income Not Available
Growth Not Available

Verditek Dividends

No dividends found

Trades for 13-Nov-2019

Time Volume / Share Price
12:09 15,000 @ 3.69p

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