River Uk Micro Share Price (RMMC)

Anyone know why this went up quite a bit today?

Good morning. Is anyone following this firm? There has been a bit of life within the last several weeks with the price inproving. I think it's a stock that does well when there's a bit of confidence in the country and the market. Maybe that's arround the corner. Who knows? We're certainly due a good spell for smaller companies. Some reasonable purchases over the last few weeks too. The spread is woeful still. If the price continues northwards I'll buy some more. Any comments on the portfolio? ALgent.

It's gone up a bit lately, but whose going to be buying or selling with a spread at over 9%

"Investors are starting to pay more attention to smaller companies. The latest indication of this is the recent £50m fundraising by new investment company River and Mercantile UK Micro Cap Investment Company Ltd. River and Mercantile is focusing on “companies with a free float market capitalisation of less than £100m at the time of purchase” so they could have a market value of more than £100m if some of the shares are tightly held. Most of the companies will be quoted on AIM and there will be 30 to 50 shareholdings." Institutions taking a slice ahead of any company progress