(Alliance News) - Golden Rock Global PLC on Wednesday confirmed it is in talks about potential acquisitions, as it responded to a sharp rise in its share price.
Golden Rock is a Jersey-based firm seeking acquisition opportunities in the fintech sector.
Its stock was up 13% to 3.23 pence each in London on Wednesday morning, though it was up more than 20% to 3.50p earlier. The stock is up 44% over the past month and traded as high as 4.00p last Friday.
"We are not aware of any reason for the recent rise in the share price but would like to confirm that the company is in early stage discussions with a number of parties regarding potential acquisitions," Golden Rock said.
Any acquisition would constitute a reverse takeover, if completed, it added.
Back in April, Golden Rock terminated acquisition discussions with Bolt, a blockchain-based media and decentralised finance ecosystem. In November last year, it had signed a non-legally binding heads of terms with the shareholders of Bolt to acquire its entire share capital.
In April, Golden Rock said it had "reluctantly concluded" that a satisfactory deal would not be possible "for reasons unrelated to the company".
By Elizabeth Winter, Alliance News senior markets reporter
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Golden Rock (GCG)