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Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

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AIM WINNERS & LOSERS: Revolution Bars to hit lower end of guidance

Tue, 17th Jan 2023 11:12

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Active Energy Group PLC, up 21% at 4.73 pence, 12-month range 0.0950p - 7.50p. The biomass-based renewable energy firm says 2022 has been an "extremely productive year" for the company. Says the Player Design Inc has started building its future CoalSwitch production facility in the US state of Maine. It is targeting initial production volumes at the facility of 35,000 tonnes per year, with the aim of increasing this during 2023 towards an annualised production rate of 100,000 tonnes per year. Notes that commercial discussion for CoalSwitch continue in a number of countries. Says prospective customers range from power generators to cement products in the US.

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Serabi Gold PLC, up 8.3% at 36.30 pence, 12-month range 21.36p - 62.50p. The Brazil-focused gold miner reports fourth quarter gold production of 7,798 ounces, taking its total annual production to 31,819 ounces. This exceeds its production guidance for 2022 of 30,000 ounces. Chief Executive Mike Hodgson says: "The fourth quarter has been somewhat transitional as we have been moving some mining crews and fleet from the Sao Chico orebody over to Coringa. To date, the Coringa deposit has been in a development phase and as we begin 2023 will we see the first production from stoping, and this will result in an increase in the level of Coringa ore being delivered to the Palito plant. It was therefore particularly pleasing to maintain steady mine output from Palito Operations, even with reduced levels of manpower and equipment."

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AIM - LOSERS

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Revolution Bars Group PLC, down 32% at 5.00 pence, 12-month range 5.00p - 24.50p. In the first half of 2022, reports like-for-like sales 9.4% below the same period pre-pandemic. As a result, the board reassess its expectations for financial 2023, which ends in June, assuming that industrial action subsides and energy prices hold at their current levels. It now expects earnings before interest, tax, depreciation and amortisation for the year lower than previously anticipated. It expects the figure at the bottom end of market expectations which it puts between GBP6.7 million to GBP10.5 million. More positively, in the Christmas trading period, sees like-for-like sales rise by double-digits against the previous year thanks to strong corporate party bookings. Like-for-like sales grew by 17% in the five weeks to December 31. The Christmas trading period was hurt by industrial action across the UK, Revolution Bars adds.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 May 2022 16:00

IN BRIEF: Active Energy narrows loss; focuses on CoalSwitch production

Active Energy Group PLC - London-based biomass focused renewable energy business - Narrow pretax loss in 2021 to USD5 million from USD7.0 million the previous year. Loss includes an impairment of USD2.0 million related to damaged reactors following component failure at Ashland on the US east coast. Revenue falls sharply to USD644,914 from USD1.6 million. Assets increase to USD21.7 million from USD18.1 million. Continues to focus on delivery of the first CoalSwitch production facility in Ashland.

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31 Mar 2022 21:06

TRADING UPDATES: Valeura and Mast Energy losses widen; Altitude upbeat

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31 Mar 2022 09:51

Active energy sells Lumberton site to help fund Ashland facility

(Sharecast News) - Renewable energy business Active Energy has agreed to dispose of its Lumberton site in North Carolina to Phoenix Investors for $4.65m, before expenses.

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15 Mar 2022 19:45

TRADING UPDATES: Hyve exits Russia; Genel revenue rises in 2021

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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15 Mar 2022 14:10

Active Energy gets FSC certification for 'CoalSwitch' fuel

(Sharecast News) - Energy pellet producer Active Energy announced on Tuesday that it has achieved 'Chain of Custody' (CoC) and 'Controlled Wood' certification for its 'CoalSwitch' fuel, compliant with the Forest Stewardship Council (FSC) standards.

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10 Feb 2022 11:53

Active Energy threatened with US lawsuit over alleged water pollution

Active Energy threatened with US lawsuit over alleged water pollution

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10 Feb 2022 11:26

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

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31 Jan 2022 22:06

TRADING UPDATES: Hiro plans acquisition vehicle IPO; Aquila reviews

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AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

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Active Energy shares plummet as fundraise and subscriptions disappoint

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AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

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TRADING UPDATES: Bango to offer Microsoft 365; Petrofac prices notes

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IN BRIEF: Active Energy loss widens as it pumps effort into CoalSwitch

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IN BRIEF: Active Energy to replace reactors at Ashland Facility

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TRADING UPDATES: Challenger Energy hails Saffron-2 well; SDCL placing

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