East Star Resources (LON:EST) shares move up 11% on thin trading after Verkhuba copper update
East Star Resources PLC gained 10.98% to 4.55 pence in Monday trading, touching a new one-year high. The Kazakhstan copper and gold explorer saw the move on delayed retail market data. The FTSE All-Share shed 0.22% according to Fidelity’s market feed. The key figure here isn’t just the uptick, but the size of it. lse.co.uk listed a 0.30p spread, which is 6.818% of the bid price and makes up close to two-thirds of Monday’s 0.45p rise. Volume came in at 4,933,949 shares—value about £224,000 on the 4.55p quote. But the move bumped up the company’s market cap by roughly £2.5 million.