Technologies New Energy stock jump rests on £10 trade and thin liquidity
Technologies New Energy plc was marked 14.6% higher at 27.50 pence in early London trade on Monday, with Google Finance showing volume of 36 shares and a market value of £43.8 million. AJ Bell’s delayed trade tape showed the listed Monday print at 08:30:56 BST: 36 shares at 27.5p, worth £9.90. The company’s June 19 RNS gave the share count as 159,263,550. The 3.5p move from Friday’s 24p close equates to roughly £5.6 million of implied equity value, or about £560,000 of screen value for each £1 traded.