Mercom Capital mystified by roller coaster share price

Mercom Capital was forced to respond to a serious rise in its share price in recent days on Wednesday.

The AIM-traded firm’s stock was trading at 3.25p at the open on Monday, but peaked at 0900 on Wednesday at more than double that amount, reaching 6.79p.

“The board of directors of Mercom Capital has noted the recent rise in the company's share price and confirms that it knows of no operational or corporate reason for the price movement,” the board said.

Its share price was up 2.86% to 5.4p at 1621 BST.