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LONDON (Alliance News) - NetScientific PLC on Thursday said it is not aware of any reason behind a significant rise in its share price.
NetScientific shares were trading up 13% at 14.08 pence each on Thursday morning, having closed at 12.5p on Wednesday. On Tuesday, the stock had closed at just 3.6p per share.
The company said its strategy remains to seek to maximise shareholder value from portfolio companies by allocating cash to increase its stake in its investments, assessing the funding requirements of each investee and reducing the company's central functions and costs.
NetScientific did note, however, that despite the recent share rally, "the current share price still represents a substantial discount to the share price prior to announcing the update to the strategic review on 20 December 2018".
Over the past 52 weeks, NetScientific shares have fallen 74%.