Small cap movers: CyanConnode Holdings PLC and Sareum Holdings PLC shares rise after they tap the market
Follow John on: A look at some of the major small-cap movers this week Companies tapping the market don’t normally see their share prices rise but CyanConnode Holdings PLC (LON:CYAN) and Sareum Holdings PLC (LON:SAR) managed it this week. CyanConnode shot up 62% to 13.5p after it raised £3.15mln through the issue of shares at 9.5p. At the time the shares were issued, that was a 2.2% premium to the prevailing share price. The specialist in narrowband radio frequency smart mesh networks – that’s smart meters to you and me – was a bit vague about what it intends to do with the money. Th...