80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares jumped on Wednesday as it revealed it is moving its shares from the London Stock Exchange’s SETSqx platform to SETS from today, a step the company said should widen investor access and improve liquidity.
The AIM-listed explorer and developer said the move to SETS, the exchange’s electronic order book for equities, is intended to broaden its shareholder base and make the stock more accessible to investors, including those trading internationally, through traditional order-book dealing. 80 Mile is also listed in Frankfurt and on the US OTC market.
In London, 80 Mile was up around 15% at 1.44p.