Black cab-maker Manganese Bronze was soaring again this afternoon, following persistent rumours of a takeover.
Shares in the company was up as much as 30% at one stage, dropping back to 87p, a 24% rise as of this afternoon. Today's high would value the company at £27.4m.
There appeared to be little to immediately back up the surge. The company reported decent numbers last Wednesday, with UK sales up 11%.
Since then it has surged, from a low before the numbers of about 30p to its current position, almost three times that.
There have been suggestions that 20% shareholder Geely, China's largest privately-owned carmaker, was ready to make a move, but Manganese has distanced itself from the rumours.
