Boxhill Technologies has been forced to issue a statement to the market saying it had no idea why its share price surged 66 per cent this morning.
The company, which specialises in lottery, software and gaming technology, opened at 14p per share this morning, but rose to 33p just before 10am.
In a regulatory news statement, the Weather Lottery operator said: “The board of Boxhill Technologies notes the recent rise in the company's share price and confirms that it knows of no reason for the movement.”
It has since dropped back down, but was still up more than 18.8p at pixel time.
Looking at its historical share price movement, the company's previous high was in January when it peaked at 22p a share.