LONDON, July 6, 2026, 09:19 BST
- Wolfram Resources was up 14.3% at 2.00p after 300 shares changed hands by 08:05 BST, according to delayed LSEG data.
- The most recent interim report had £10,367 in cash and a six-month loss of £51,773 as of March 31.
- The company is a public limited company and active at Companies House, but it has a SIC code as “non-trading company”. Companies House
Wolfram Resources Plc (LON:WFR) hit a 52-week high Monday, but the move came on just 300 shares traded, with only about £6 changing hands at the last price. That jump in the London shell is more about thin liquidity than any new news. The market kept to its usual 8:00 a.m.-4:30 p.m. BST hours.
No new company RNS has appeared on the WFR feed in the past 48 hours, according to this news service. The most recent was interim results for the period ended March 31, posted on June 19.
Investors Chronicle ran this tape of delayed LSEG data at 08:05 BST:
| WFR market measure | Latest |
|---|---|
| Last trade | 2.00p |
| Change on day | up 0.25p, or 14.29% |
| Volume | 300 |
| Value at last trade | about £6 |
| Bid / ask | 1.50p / 2.00p |
| 52-week low / high | 0.90p-2.00p |
| Shares out | 82.00 mln |
Wolfram’s market cap works out to about £1.64 million based on a share price of 2.00p and 82,000,100 shares outstanding. That puts its equity about 158 times above its March 31 cash balance. The stock’s bid-offer spread is 0.50p, 28.6% of the mid-price. The company’s website says the stock trades on the Standard Segment and Main Market of the London Stock Exchange. There are also 164,000,000 investor warrants outstanding.
Investors may focus more on the balance sheet. Wolfram showed negative net assets at March 31, and its cash balance fell compared to a year ago. This was after cost cuts.
| Financial item | 6 months to Mar. 31, 2026 | Year to Sept. 30, 2025 | 6 months to Mar. 31, 2025 |
|---|---|---|---|
| Admin costs | £51,773 | £373,217 | £226,161 |
| Period loss | £51,773 | £373,217 | £226,161 |
| Cash, equivalents | £10,367 | £4,099 | £84,983 |
| Net assets | -£116,082 | -£64,309 | £82,747 |
| Basic EPS | -0.06p | -0.46p | -0.277p |
Chairman Graeme Muir said in the June 19 interim statement that the company is “operating on a skeleton basis” and the board “is not currently taking a salary” as it searches for a strategic metals or rare-earths acquisition. Muir also said Wolfram has carried on after March 31 to “actively pursue alternative acquisition opportunities”. TradingView
The six-month loss points to an average monthly burn of about £8,600. That puts the March cash pile at around 1.2 months of cover, not counting extra drawdowns or fresh capital.
Wolfram’s biggest shareholder, BPM Trading Ltd, has given it a backstop. In October, Wolfram got an unsecured, interest-free loan facility of up to £1.0 million from BPM, for working capital needs until a qualifying deal is done. Wolfram lists BPM as owning 62,844,800 shares, or 76.64% of its shares.
The concentration hands the shell steady funding and a set control holder. But a small free float means the price can swing on minor volumes. Investors Chronicle lists the free float at 12.31 million shares.
Companies House filings list Wolfram as active since its incorporation in September 2021. The company has also gone by Miotal Plc and Becket Invest Plc. Its most recent accounts are for the year ended Sept. 30, 2025, with the next set, covering up to Sept. 30, 2026, due by March 31, 2027.
WFR acts more like a deal option than an actual miner at this point. Shares have doubled since February’s low. But the last reported figures show no real business operations, little cash, and net liabilities.
