Powerhouse Energy offers no explanation to turbulent share price

Powerhouse Energy responded to a significant increase in its share price on Wednesday, after its stock rose to 7.7p by the close on Tuesday, from 4.88p a day earlier.

The AIM-traded firm said there were “no new material developments” beyond those previously notified to the market.

Rollercoaster trading continued, however, with the announcement seeing its shares slide to a trough of 5.95p on Wednesday morning, before rising to a peak of 8.3p by mid-morning.

The company did note that it provided an update on operational developments on 17 December.

At 1335 GMT, shares in Powerhouse Energy Group were down 10.39% at 6.9p.