Homepage
PR Newswire
30-10-2017, 03:51 PM
This Company Added the Word ‘Blockchain’ to Its Name and Saw Its Shares Surge 394%
By Lisa Pham
October 27, 2017, 8:29 PM GMT+8 October 27, 2017, 9:48 PM GMT+8
A British company that has been investing in internet and information businesses is having its best day on record.
On-line Plc jumped as much as 394 percent on Friday after announcing plans to change its name to On-line Blockchain Plc, following an initial climb of 19 percent on Thursday when it first announced the news. It’s the biggest one-day gain for the small-cap company since its December 1996 listing. The trading volume that reached 2.9 million shares by early afternoon in London is equal to more than 16 times the entire year’s trading before the last two days.
“Blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time,” the Essex-based company said in a statement on Thursday. “We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector.”
More details in https://www.bloomberg.com/news/articles/...in-rebrand
By Lisa Pham
October 27, 2017, 8:29 PM GMT+8 October 27, 2017, 9:48 PM GMT+8
A British company that has been investing in internet and information businesses is having its best day on record.
On-line Plc jumped as much as 394 percent on Friday after announcing plans to change its name to On-line Blockchain Plc, following an initial climb of 19 percent on Thursday when it first announced the news. It’s the biggest one-day gain for the small-cap company since its December 1996 listing. The trading volume that reached 2.9 million shares by early afternoon in London is equal to more than 16 times the entire year’s trading before the last two days.
“Blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time,” the Essex-based company said in a statement on Thursday. “We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector.”
More details in https://www.bloomberg.com/news/articles/...in-rebrand
Specuvestor: Asset - Business - Structure.
