Shares of Ncondezi Energy Ltd (LON:NCCL) rose 9.7% during trading on Monday . The company traded as high as GBX 7.54 ($0.10) and last traded at GBX 7.35 ($0.10). Approximately 2,804,015 shares were traded during mid-day trading, an increase of 220% from the average daily volume of 876,388 shares. The stock had previously closed at GBX 6.70 ($0.09).

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Ncondezi Energy Company Profile (LON:NCCL)

Ncondezi Energy Limited, a power development company, focuses on the phased development of thermal coal fired power plant and mine in Mozambique. It operates in Mine Project and Power Project segments. The company develops a 300MW integrated power plant and mine to produce and supply electricity to the Mozambican market.

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