Plexus Holdings PLC (AIM:POS) was on a rip Monday afternoon following some top news emerging from its wellhead rental business.
The group has secured a £175,000 rental contract award to supply SLB’s range of ‘Exact’ adjustable wellhead systems and ‘Centric’ mudline suspension equipment to Neptune Energy UK.
Shareholders reacted bullishly to the announcement, sending the stock more than 26% higher to 18.94p as of 1.30pm.