3rd Jan 2014 08:36
LONDON (Alliance News) - Wildhorse Energy Ltd Friday said it is not aware of any reason that could explain its recent share-price increase.
The underground coal gasification and uranium development company, with operations in Central and Eastern Europe, saw an 86% increase in its share price from the opening on Monday to its Thursday high of 2.235 pence. The shares are currently quoted at 1.75p, down 9.1%.
The company it remains in discussions with a third party in order to advance its UCG projects in Hungary, but said that it is yet to enter a binding term sheet with the possible partner.
By Tom McIvor; [email protected]; @TomMcIvor1
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