Shares of Red Emperor Resources NL (LON:RMP) rose 7.7% during mid-day trading on Monday . The company traded as high as GBX 3.50 ($0.05) and last traded at GBX 3.37 ($0.04). Approximately 492,152 shares changed hands during trading, an increase of 225% from the average daily volume of 151,643 shares. The stock had previously closed at GBX 3.13 ($0.04).

About Red Emperor Resources (LON:RMP)

Red Emperor Resources NL identifies and explores for oil and gas properties. It holds interest in the block SC55 located in the Philippines. The company is based in West Perth, Australia.

Further Reading: Buyback

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