Coro Energy (CORO)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.30p
   
  • Change Today:
      0.010p
  • 52 Week High: 0.75
  • 52 Week Low: 0.24
  • Currency: UK Pounds
  • Shares Issued: 2,111.62m
  • Volume: 23,267,978
  • Market Cap: £6.23m
  • RiskGrade: 570

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Coro Energy terminates deal to sell Italy portfolio

By Josh White

Date: Friday 31 Jul 2020

LONDON (ShareCast) - (Sharecast News) - South east Asia-focussed upstream oil and gas company Coro Energy announced the termination of the sale and purchase agreement entered into with Zenith Energy in December on Friday, over the proposed disposal of its entire Italian portfolio.
The AIM-traded firm said completion of the disposal was conditional on the receipt of Italian regulatory approvals prior to a long stop date of 31 July, which it said on Friday would not be achieved.

It said the agreement allowed for a possible extension of the long stop date to 31 October on written request by Zenith, and supported by reasonable documentation or other reasonable evidence demonstrating that Zenith had promptly filed all necessary applications and related supporting documents, and taken all other actions necessary to obtain the approvals.

"Both parties have agreed that the likelihood of successfully completing the Disposal prior to 31 October is low, and therefore the sale and purchase agreement has been terminated by mutual agreement between the parties," the board said in its statement.

"The company will continue to prioritise the divestment of its non-core Italian operations, and further updates will be provided, as appropriate, in due course."

At 0928 BST, shares in Coro Energy were down 20.49% at 0.32p.

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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.

 

Coro Energy Market Data

Currency UK Pounds
Share Price 0.30p
Change Today 0.010p
% Change 3.51 %
52 Week High 0.75
52 Week Low 0.24
Volume 23,267,978
Shares Issued 2,111.62m
Market Cap £6.23m
RiskGrade 570

Coro Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.7% below the market average24.7% below the market average24.7% below the market average24.7% below the market average24.7% below the market average
27.50% above the sector average27.50% above the sector average27.50% above the sector average27.50% above the sector average27.50% above the sector average
Price Trend
91.96% below the market average91.96% below the market average91.96% below the market average91.96% below the market average91.96% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income Not Available
Growth Not Available

Coro Energy Dividends

No dividends found

Trades for 23-Jun-2021

Time Volume / Share Price
16:06 140,000 @ 0.30p
15:41 214 @ 0.29p
14:41 2,500,000 @ 0.31p
14:40 2,500,000 @ 0.30p
15:28 187 @ 0.29p

Coro Energy Key Personnel

CEO Mark Hood

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