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IN BRIEF: Gem Resources says knows no reason for share price rise

ALN

Gem Resources PLC - operator of Gravelotte, an emerald mine in South Africa - Notes recent rise in share price. States there is no known reason for the increase. Its shares are currently 42% higher than five days ago and 32% higher than their value a month ago. The firm adds there has been no material change in its financial position since it published its 2024 results at the end of April.

Current stock price: 0.25 pence each, up 43% on Friday afternoon in London

12-month change: down 84%

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