The Top 4 market risers of the day were PET (+50.00%), WBI (+40.70%), MMAG (+26.32%), and MILA (+23.96%). The worst performer was MCLS (-52.85%).
musicMagpie plc (MMAG), a marketplace for trading refurbished technology, announced a partnership with Back Market, a much larger marketplace for refurbished goods. musicMagpie's products will be available on Back Market in May 2022. The announcement received a strong bid from investors, driving MMAG price up 26.32% to 60.0p.
Mila Resources (MILA) announced assay results from its diamond drilling programme at the Kathleen Valley Gold Project in Western Australia. The results far surpassed expectations, driving the price up 23.96% to 5.95p.
McColl's (MCLS) price fell 52.85% to 1.853p after the convenience store operator announced a potential financing deal to help the company's funding woes would likely not benefit ordinary shares. Additionally, the retailer announced a weak core profit forecast, barely matching last year's figure of £20m.