Coro Energy (CORO)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.29p
   
  • Change Today:
    -0.015p
  • 52 Week High: 0.75
  • 52 Week Low: 0.24
  • Currency: UK Pounds
  • Shares Issued: 2,111.62m
  • Volume: 2,290,743
  • Market Cap: £6.02m
  • RiskGrade: 570

Coro Energy makes first clean energy investment

By Josh White

Date: Monday 02 Nov 2020

LONDON (ShareCast) - (Sharecast News) - South east Asia-focussed energy company Coro Energy announced its maiden clean energy investment on Monday, having acquired a 20.3% shareholding in Ion Ventures.
The AIM-traded firm described Ion as a south east Asia and UK-focussed developer of clean energy projects, including renewables and battery storage, with the acquisition being for cash consideration of £0.5m.

Alongside its initial investment, the company said it had been granted a priority right of first refusal to invest in each of Ion's south east Asian projects prior to financial close.

Coro said it was joining the founders as joint largest shareholder of Ion, and would benefit from shareholder rights as set out in an "industry "standard shareholder agreement, including the right for a Coro representative to sit on Ion's board.

"We are delighted to have hit the ground running with this transaction, which significantly accelerates our evolution into a regional low carbon energy company," said chairman James Parsons.

"The transaction delivers a pre-populated funnel of already high graded investment opportunities in our target region, access to an aligned team of regional experts and multiple near term value inflection points.

"We look forward to updating shareholders, as appropriate, over the coming months."

At 1114 GMT, shares in Coro Energy were flat at 0.25p.

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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 0.29p
Change Today -0.015p
% Change -5.00 %
52 Week High 0.75
52 Week Low 0.24
Volume 2,290,743
Shares Issued 2,111.62m
Market Cap £6.02m
RiskGrade 570

Coro Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.59% below the market average24.59% below the market average24.59% below the market average24.59% below the market average24.59% below the market average
26.83% above the sector average26.83% above the sector average26.83% above the sector average26.83% above the sector average26.83% above the sector average
Price Trend
80% below the market average80% below the market average80% below the market average80% below the market average80% below the market average
80.22% below the sector average80.22% below the sector average80.22% below the sector average80.22% below the sector average80.22% below the sector average
Income Not Available
Growth Not Available

Coro Energy Dividends

No dividends found

Trades for 22-Jun-2021

Time Volume / Share Price
11:34 150,000 @ 0.29p
10:48 50,000 @ 0.29p
10:41 41,800 @ 0.28p
10:18 336,071 @ 0.29p
08:27 116,666 @ 0.28p

Coro Energy Key Personnel

CEO Mark Hood

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