It’s been a tough few months for Coro Energy shareholders. The share price has taken a battering, falling from highs of over $1 in early March to lows of around $0.60 in late May. That’s a fall of almost 40%.
Ouch!
So what’s behind the share price decline? There are a few factors at play.
First, the oil market has been under pressure this year due to concerns about global economic growth and rising US shale production. This has weighed on the share prices of oil exploration and production companies like Coro Energy.
Second, Coro Energy shares were hit hard in April after the company announced that it was suspending operations at its Montara well in Indonesia due to technical issues.
This was a major setback for the company and investors responded by selling off their shares.
Finally, Coro Energy is facing some financial difficulties. The company has high levels of debt and is currently in negotiations with its lenders to extend its borrowing facilities.
This uncertainty has also contributed to the recent sell-off in the share price.
The Coro Energy share price has been on a roller coaster ride over the past few months. After hitting a 52-week high of $0.65 in early August, the stock crashed to a low of $0.21 in late September. However, the shares have started to recover and are currently trading at $0.40.
There are several reasons for the volatile movements in the Coro Energy share price. Firstly, the company is heavily reliant on oil and gas prices, which have been highly volatile over the past few months. Secondly, Coro Energy is a relatively small company with a market capitalisation of just $95 million, so it doesn’t take much buying or selling pressure to move the share price around.
Investors should be aware of these risks before considering an investment in Coro Energy shares.
Sound Energy Share Price
The Sound Energy share price is up today after the company announced a new discovery in Morocco.
Sound Energy (LSE: SOU) has had a good run on the stock market in recent months, and today’s news has pushed the shares even higher.
The company announced that it has made a new discovery at its Tendrara licence in Morocco.
The well has been drilled to a depth of 4,700 metres and encountered gas over a gross interval of 1,000 metres.
This is an encouraging result for Sound Energy and will add to the company’s existing reserves in the area. It is also good news for shareholders as it could mean more upside for the share price.
Sound Energy is now planning to carry out further testing at the well to assess its potential. This includes an extended well test which is expected to take place later this year.
With today’s news, the Sound Energy share price is up by 5% to 27p.
This continues the strong run that the shares have been on since February when they were trading at just 15p.
It’s been a good few months for Sound Energy (LSE: SOU) shareholders as the share price has almost doubled since February. Today’s announcement of a new discovery in Morocco will only add to shareholder confidence as it shows that the company’s exploration activities are bearing fruit.
Credit: www.sharecast.com
What is the Coro Energy Share Price
Coro Energy is an international oil and gas exploration and production company with a focus on Southeast Asia. The company is listed on the London Stock Exchange AIM market (CORO:AIM) and has a current market capitalisation of c.£130 million.
The Coro Energy share price is 6.75p as of 09/04/2018, down from 7p at the close of trading on 03/04/2018. This represents a 5.36% decline in value over the past week.
Coro Energy has had a difficult few months, with its share price falling sharply since December 2017 when it was trading at around 15p per share.
This can be attributed to several factors, including lower than expected production from the Senala field in Indonesia, delays in receiving payments for gas sales in Vietnam, and concerns about the company’s high level of debt.
Given these challenges, it is not surprising that investors have been selling their shares in Coro Energy recently and this has contributed to the fall in the share price. However, some analysts believe that the sell-off may have been overdone and that Coro Energy’s shares could be undervalued at current levels.
So there could be upside potential for investors who are willing to take on some risk.
How Can I Buy Or Sell Coro Energy Shares
If you’re looking to buy or sell Coro Energy shares, there are a few things you’ll need to do. First, find a broker that can trade on the London Stock Exchange (LSE), where Coro Energy’s shares are listed. Once you’ve found a broker, open an account and deposit funds.
Then, place your order with your broker.
When it comes time to selling your shares, the process is largely the same. Find a broker that can trade on the LSE, place your sell order with them, and wait for someone to buy your shares.
Once someone does buy your shares, the funds will be deposited into your account less any fees charged by the broker.
What is the Difference between Coro Energy And Other Energy Companies
Coro Energy is a different kind of energy company. We are committed to providing our customers with cost-effective, clean and renewable energy solutions that work for them. We believe that everyone should have access to affordable, reliable and sustainable energy, which is why we offer a range of options for our customers including solar, wind and water power.
We also offer a variety of financing options to make it easy for our customers to switch to Coro Energy.
How Do I Find Out More About Coro Energy
Coro Energy is an upstream oil and gas company with a portfolio of assets in Southeast Asia. The Company is headquartered in London, the United Kingdom.
It has had a presence in the region for over 10 years and during that time has built up an enviable technical, operational and commercial track record.
The company is listed on the AIM market of the London Stock Exchange under ticker CORO.
Coro Energy (CORO) – Mark Hood, CEO
Conclusion
Coro Energy is an oil and gas exploration and production company with a focus on Southeast Asia. The company’s share price has been volatile in recent months, but it remains one of the most interesting small-cap stocks in the sector.
Coro Energy’s share price has been volatile in recent months, but it remains one of the most interesting small-cap stocks in the sector.
The company is an oil and gas exploration and production company with a focus on Southeast Asia. Coro Energy’s management team has a strong track record of success in the region, and the company’s assets are well positioned to take advantage of the growing demand for energy in Southeast Asia.
Despite the volatility, Coro Energy is a stock that is worth watching closely.
The company’s fundamentals remain strong, and its exposure to Southeast Asia gives it significant upside potential.
