Nostra Terra rises after nomad appointment

Shares in Nostra Terra Oil and Gas Company were rising on Tuesday afternoon, with the firm revealing its new choice in nominated adviser, after the resignation of Sanlam Securities on Monday.

The AIM-traded resources company, with a portfolio of assets in the US and Egypt, announced it had appointed Strand Hanson as nominated and financial adviser, and joint broker to the company, with immediate effect.

Investors appeared to agree with the decision, with the penny stock rising 31.88% to 0.08p by 1546 GMT.