Quantum Blockchain Technologies PLC stock was down on Friday as the company reported a slightly narrowed loss and boost in net assets, and committed to focusing on its promising research & development.
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A look at some of the major small-cap movers this week
Companies tapping the market don’t normally see their share prices rise but CyanConnode Holdings PLC (LON:CYAN) and Sareum Holdings PLC (LON:SAR) managed it this week.
CyanConnode shot up 62% to 13.5p after it raised £3.15mln through the issue of shares at 9.5p. At the time the shares were issued, that was a 2.2% premium to the prevailing share price.
The specialist in narrowband radio frequency smart mesh networks – that’s smart meters to you and me – was a bit vague about what it intends to do with the money. The company said it will use the funds to increase working capital and allow the company to continue to take advantage of its significant growth opportunities and execute its growing order book and pipeline.