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Corcel PLC - Angola and Brazil focused energy company - Pretax loss widens to £3.0 million in the year to June 30 from £1.3 million a year prior. No revenue reported, unchanged. Bottom line hurt by increase in administrative expenses to £2.6 million from £1.4 million. Says key priorities include: advancing the exploration program on KON-16; expanding the footprint in Brazil through strategic acquisitions targeting near-term production; strengthening partnerships and working closely with the operator in Angola to maximize the value of KON-11 and KON-12; maximising value potential from Battery Metals and Rare Earth assets.
Current share price: 0.16 pence
12-month change: down 64%
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