Guscio says knows no reason for share price surge

AIM-listed Guscio said on Tuesday that it does not know any reason for the sharp jump in its share price.

The company said it continues to pursue the initiatives outlined in its annual report and accounts.

“In its stated strategy, the company is focused on further developing its current intellectual property, creating a solid and recurring revenue foundation, and considering complementary earnings enhancing acquisitions.This process is ongoing.”

At 1240 GMT, Guscio shares were up 91% to 2.15p.