Movers of Monday 26 July 2021
shares ticked up 5.24% to 66.92p
Shares in the company have seen light relief and have climbed back up on Monday from recent lows of 56p, following the lifting of UK lockdown restrictions in the UK last Monday.
Recently, entertainment stocks, particularly cinemas, have felt the pressure as subscriber numbers for online streaming platforms such as Netflix and Amazon have only increased while rising COVID-19 cases have cast further scepticism about the future of the industry.
shares soared 40% to 1.225p
Earlier this month, the quantum computing and artificial intelligence (AI) research company informed investors that it intends to use the Leap quantum cloud service from D-Wave Systems Inc to develop cryptography algorithms for use in cryptocurrency mining.
“QBT is delighted to work with the D-Wave team, which we believe will provide us with an alternative approach to the computation of cryptographic algorithms,” Quantum Blockchain’s CEO and Executive Chairman Francesco Gardin said in an earlier statement.
The Economic Times says Bitcoin and other major cryptocurrencies traded above a crucial technical level for the first time since early May, after comments from Ark Investment Management LLC’s Cathie Wood and Tesla chief Elon Musk helped boost its momentum.
shares jumped 28.00% to 48p
Similarly, shares in the UK-based blockchain investment firm also rose today after major cryptocurrencies continued their rally with top crypto tokens continuing to trade higher.
In a statement released back in March 2021, Online Blockchain’s CEO, Clement Chambers, said he believes the Umbria decentralised finance ("DeFi") development is the group’s most promising project. Looking ahead, he told investors that DeFi itself is “a disruptive segment of blockchain” and there is the potential for the Company and Umbria to make an impact.
shares rose 19.15% to 2.8p
The investment firm which is focused on European gas and power projects announced a series of Board changes today, including the appointment of Mark Routh as CEO of Prospex.
Commenting on the appointment Bill Smith, Chairman of Prospex, said Routh will bring a wealth of operational and technical expertise to the Board. “Moreover, he is well versed in all aspects of directorship of listed energy companies, being currently a non-executive director of Warrego Energy Limited in Australia (ASX:WGO) and having been both CEO and Chairman of Independent Oil & Gas plc and the MD and founder of CH4 Energy,” he added.
shares fell 80.39% to 191.10p
According to a draft policy circulated on Friday, the State Council, China’s highest governing body, could implement laws banning tutoring companies from going public or raising capital. As a result of the proposed measures, China's equity markets fell sharply today.
According to reports from City Wire, Templeton, which holds around 30% of its assets in China, was the biggest faller following the news, although the 80% plunge shown by many market data providers was exaggerated by a five-for-one share split that took effect today, it said.
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