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Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

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Share Price: 0.21
Bid: 0.17
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.08 (47.059%)
Open: 0.21
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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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10 Jun 2019 15:51

Active Energy Makes "Rapid Progress" With Construction At US Plant

LONDON (Alliance News) - Active Energy Group PLC said Monday it is making "rapid progress" constructing its CoalSwitch operation in Lumberton, North Carolina, US.The renewable and

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4 Jun 2019 11:21

WINNERS & LOSERS SUMMARY: Hargreaves Falls On Woodford Fund Suspension

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 1.8%. Goldman Sachs started coverage on a

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4 Jun 2019 09:52

Active Energy Continues Progress On Lumberton Operation Build Up

LONDON (Alliance News) - Renewable energy and forestry management firm Active Energy Group PLC said Tuesday it is making progress in the construction of a new CoalSwitch operation in Lumberton, to

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23 Apr 2019 15:53

Active Energy gets $0.5m grant for North Carolina site

(Sharecast News) - Renewable energy business Active Energy announced on Tuesday that it had been awarded a $0.5m building re-use and renovation grant for its new manufacturing site in Lumberton, North Carolina.

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23 Apr 2019 10:05

Active Energy Granted USD500,000 For North Carolina Site Development

LONDON (Alliance News) - Biomass-focused energy firm Active Energy Group PLC said on Tuesday it has been awarded a US government grant of USD500,000 for its new manufacturing site in North re-use

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9 Apr 2019 12:30

European Union Declines "SuperFuel" Funding Grant To Active Energy

LONDON (Alliance News) - Active Energy Group PLC on Tuesday said the European Union has not awarded grant funding for its "SuperFuel" product.SuperFuel blends renewable energy - -

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27 Mar 2019 11:22

Active Energy Completes Purchase Of Industrial Site In North Carolina

LONDON (Alliance News) - Renewable energy and forestry management firm Active Energy Group on Wednesday said it completed the acquisition of an industrial site in Lumberton, North new site will a

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4 Mar 2019 13:22

Active Energy Raises USD3.4 Million To Purchase Site In North Carolina (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC on Monday said it has entered into agreement with Alamac Holdings LLC to acquire an industrial site in Lumberton, North Carolina.The energy

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4 Mar 2019 09:41

Active Energy enters deal to acquire North Carolina production site

(Sharecast News) - Renewable energy and forestry management business Active Energy announced on Monday that, further to its update on 11 January, it has entered into an agreement with Alamac Holdings to acquire an industrial site in Lumberton, North Carolina.

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11 Jan 2019 09:54

Active Energy signs letter of intent for North Carolina 'CoalSwitch' plant

(Sharecast News) - Renewable energy and forestry management business Active Energy updated the market on its plans for the completion of the first industrial-scale 'CoalSwitch' production facility on Friday.

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11 Jan 2019 09:21

Active Energy Progresses CoalSwitch, SuperFuel And PeatSwitch Products

LONDON (Alliance News) - Renewable energy firm Active Energy Group PLC said Friday it is confident in the scale of commercial opportunities of its CoalSwitch and SuperFuel facilities following in

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10 Dec 2018 16:24

Ruffer Lowers Active Energy Group Holding To Below 5% From 9% (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC said Monday that Ruffer LLP reduced its stake in the company to below 5%.Prior to Monday's deal, Ruffer's holding in the company was

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30 Nov 2018 17:47

Active Energy Raises GBP1.5 Million In Share Issue To Advance Projects (ALLISS)

LONDON (Alliance News) - Renewable energy & forestry management firm Active Energy Group PLC said Friday it had raised GBP1.5 million through a share issue in order to progress its Energy at a

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26 Nov 2018 14:25

Active Energy Shares Jump 35% After Confirming Canadian Timber Permits (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC on Monday confirmed that it has been formally issued two timber permits in Canada, putting an end to a week of confusion over the grant of the in

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23 Nov 2018 14:51

PRESS: Newfoundland Minister Denies Issuing Permits For Active Energy

LONDON (Alliance News) - The Newfoundland Fisheries & Land Resources minister has denied approving two five-year commercial timber permits for Active Energy Group PLC, stating that there may

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