Hot Tuna Stock Soars 80 Percent With New Shares

Hot Tuna International jumped 80 per cent to 0.67p after the surfwear fashion company raised £300,000 via a placing of new shares at 0.3p. Hot Tuna was forced to raise the money, which will be used mainly to complete production of existing orders, because it had been unable to get financing from its banks.

Traders believe David Lenigas, Hot Tuna’s former chairman, was one of the investors who backed the share placing.