Infinity Energy confirmed that it had noted the sharp increase in the Company’s share price this morning and is not aware of any reason for the price movement.
The Company added that it continues to have very limited cash resources, is dependent on the continued financial support of its major shareholder and is planning to raise funding to provide additional capital to pursue its investing policy.
A further announcement will be made in due course.
At 1:41pm: (LON:INFT) Infinity Energy S.a. share price was +0.18p at 0.26p
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