LONDON (Alliance News) - Ceramic Fuel Cells Ltd said Monday that it did not know any specific reason for the sharp rise in its share price, after it rose to a high of 2.65 pence.
Shares in Ceramic were trading up 39% at 2.50 pence Monday afternoon, but had traded at 2.65 pence earlier in the day.
The natural gas and renewable fuels technology company noted that it had made several announcements last Monday, including its interim results. At its interim results it posted a slightly narrowed pretax loss narrowed slightly as revenues improved. It also announced that had received a large BlueGEN unit order from German company Avilos GmbH.
Avilos ordered 100 of the units for deliver within 12 months, it will purchase the units on a take-or-pa basis and sell them to private and small commercial customers.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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