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Wildcat Petroleum (WCAT) Shares Surge 20%

Sam Boughedda trader
Updated 17 Mar 2021

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Shares of Wildcat Petroleum are surging on Wednesday, currently trading 18.55% higher at 3.26.

The rally follows an RNS announcement regarding the shares of one of the company’s directors, Glyn Roberts.

Wildcat said Roberts has transferred 100,000 ordinary shares of Wildcat to each of his three adult sons for no consideration.

Roberts still, directly and indirectly, holds 23.7 million shares in the blockchain oil and gas firm, which equates to 0.99% of the total issued share capital.

On Monday, the company announced it registered several new trademarks as non-fungible tokens (NFTs). They also said they were making steady progress in acquiring an oil asset.

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.