LONDON, July 3, 2026, 16:02 (BST)
- Coro last quoted at 4p, up 14.29%. Volume on the tape so far is 23,001 shares.
- About £850 in trades were visible for July 3, with the 3p to 4p spread making up a quarter of the offer.
- The most recent RNS is still the June 12 AGM notice. The AGM is set for July 7.
- The company is seeking a debt facility of up to $20 million, which is around 3.5 times its current market cap of £4.34 million at today’s sterling-dollar rate.
Coro Energy Plc (LON:CORO) jumped 14.29% to 4p on Friday, but volumes were thin. AJ Bell reported just 23,001 shares changing hands, and all the visible trades on July 3 totaled about £850. The bid-offer sat at 3p/4p, giving a 25% spread to the buy side.
The London Stock Exchange kept its usual Friday hours, open from 8:00 a.m. to 4:30 p.m. BST. The stock movement landed during the session, not off a holiday close.
| Market read | Latest quoted data |
|---|---|
| Last price | 4.00p |
| Change | up 0.50p, up 14.29% |
| Sell / buy levels | 3.00p selling, 4.00p buying |
| Bid-offer spread | 1.00p |
| Reported volume | 23,001 shares |
| Reported July 3 turnover | roughly £850 |
| Market cap | £4.34 mln |
| 52-week range | 3.00p to 9.00p |
The spread is what matters for investors. Someone paying 4p to buy runs into a 25% difference from the 3p sell quote, and that’s before any commission or stamp duty. At this size, the quoted uptick tells more about pricing in a small, illiquid AIM name than about new money coming in.
RNS updates were slow. On Investegate, Coro’s latest filings were a June 12 AGM and annual report notice, June 11 full-year numbers, and a June 5 holding update. No new RNS came in over the last day or two.
The company’s next event is the AGM, which is scheduled for 10 a.m. Tuesday, July 7, at Fieldfisher’s London office. It sent out the AGM notice and the 2025 annual report to shareholders on June 12.
Coro’s latest annual report details some better numbers, but shows scale is still thin. The group has cleared a lot of its earlier debt, though it remains a small player. Revenue from continuing operations doubled to $644,000 in 2025 versus $297,000 a year earlier. General and administrative costs came in at $2.655 million, more than four times revenue for 2025.
| Measure | FY2025 | FY2024 | Read-through |
|---|---|---|---|
| Revenue | $644,000 | $297,000 | 117% higher |
| Gross profit | $406,000 | $210,000 | up 93% |
| G&A expense | $2.655 mln | $2.512 mln | 4.1 times 2025 revenue |
| Total profit/loss | $14.54 mln profit | $21.37 mln loss | mainly from debt gain |
| Cash | $500,000 | $256,000 | cash position still low |
| Borrowings | $272,000 | $32.45 mln | debt mostly reduced |
| Net cash used in operations | $2.508 mln | $1.520 mln | burn rate up |
Profit got a lift from a $17.82 million gain tied to Eurobond restructuring. On the balance sheet, borrowings dropped sharply to $272,000 from $32.45 million, and total liabilities came down to $1.02 million from $33.76 million.
Coro is now leaning on its Vietnam rooftop solar business. The company reported 6.4MW of active capacity at the end of the year, with estimated annual cash flow running at $720,000. That works out to about $112,500 per MW, before any group-level costs.
Funding is the main swing factor here. Coro said in April it had internal credit approval for a senior secured debt deal up to $20 million. That’s an initial $10 million, with another $10 million accordion possible. Using a GBP/USD rate of 1.3357, the full amount translates to about £15.0 million, or about 3.5 times what the market quoted for the company on Friday. Investegate
Coro chairman Tom Richardson called the financing “potentially transformative” in an April statement. The RNS also noted the facility still needed due diligence, documentation, and other conditions met.
Coro signed 25-year equipment leasing and O&M deals with An Viet Phat Group, covering an initial 1.6MW at two factories in Vietnam. The company said it is also in advanced talks with An Viet Phat for another 8.4MW.
