Coro Energy (LN: CORO)

Currency in GBP

Last close As at 03/02/2023

GBP0.00

0.03 (12.50%)

Market capitalisation

GBP6m

Edison Investment Research is terminating coverage on Coro Energy. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Previously published reports can still be accessed via our website.

Sector

Oil & Gas

Equity Analyst

Key Management

  • Andy Dennan

    CFO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.9 (10.7) (23.3)
Relative (3.5) (18.9) (24.1)
52 week high/low 0.5p/0.2p

Financials

Coro Energy has announced that in light of the unprecedented market changes, its board has initiated a material cost-reduction programme. As a result, James Menzies, the company’s CEO, saw his employment terminated with immediate effect. The board also mutually agreed with Nick Cooper that he will leave the company with immediate effect. Following these changes, the board will consist of James Parsons as nonexecutive chairman and Andrew Dennan, Marco Fumagalli and Fiona MacAulay as non-executive directors. As result of recent developments and Coro’s current situation, we are suspending our valuation.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2017A N/A N/A N/A N/A N/A N/A
2018A 0.0 (3.5) (3.5) 0.0 N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A

Thematics

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