3 Penny Stocks Gain Over 20% as FTSE 100 Holds Rally

Source: Vitalii Vodolazskyi, Shutterstock

 London equities witnessed market-wide gain on Monday, 1 March, with the headline FTSE 100 index trading firm after rallying more than 1 per cent in the morning deals as global bond markets stabilised after a shaky slump on Friday. The benchmark FTSE 100 advanced 129.31 points, or 1.99 per cent, to an intraday peak of 6,612.74 from the previous close of 6,483.43.

 

The wider share indicators, including FTSE 250, FTSE 350 and FTSE All-Share, surged in a largely similar fashion today. According to the data available with the London Stock Exchange, FTSE 250, FTSE 350 and FTSE All-Share added 1.99 per cent, 1.95 per cent, and 1.93 per cent, at their respective day’s high.

Meanwhile, three penny stocks gained more than 20 per cent each, following the buying splurge in the equities.

 

                                                                   

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Wildcat Petroleum Plc (LON: WCAT)

 

The stock of London-based oil explorer Wildcat Petroleum spearheaded the gains, with the share price registering a gain of 60 per cent. Wildcat Petroleum shares spiked as much as 60 per cent to a 52-week high of GBX 2 from a share price of GBX 1.25 on Monday. The stock pared marginal gains in the early afternoon trades but was still hovering 40 per cent higher as compared to its previous market price. The market cap of the stock stood at £30.00 million.

 

The company has appointed Professor Olinga Taeed, Council Member and Expert Advisor to China E-commerce Blockchain Community, as a BlockChain Advisor to the company, Wildcat Petroleum said in an exchange filing. Professor Taeed is also serving as a visiting Professor in Blockchain at Birmingham City University. Under his advisory role for the Ministry of Commerce, China, he has been leading the development of digital yuan.

 

Myhealthchecked Plc (LON: MHC)

 

Shares of the Cardiff-based women healthcare firm Myhealthchecked rose a little more than 29 per cent on Monday, in quick succession, after opening marginally lower in the early trades. The stock of Myhealthchecked jumped 29.23 per cent to a day’s top of GBX 4.20 from a share price level of GBX 3.25. The market cap of the stock stood at £23.57 million.

 

The company has reacted to the exceptional single-day gain in the share prices within a couple of hours of market opening. The company is aware of speculation that a significant potential contract is in the pipeline, MyHealthChecked said. “No contracts have been signed to date,” it added.

 

Eve Sleep Plc (LON: EVE)

 

Shares of the London-headquartered mattress retailer Eve Sleep soared more than 35 per cent on Monday. The company has not reacted to the massive rise in the share prices up until 1257 GMT on 1 March. As per the data available with the bourse, the stock of Eve Sleep gained 35.71 per cent to an intraday high of GBX 7.60 from the share price level of GBX 5.60 as on 26 February. The market cap of the stock stood at £15.26 million.

 

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