Why did LifeClean International rise on 6 October?
Written after the close on
LifeClean International +8.57%
LifeClean rose slightly on a narrower quarterly loss. Over the last five trading days LifeClean International edged up while the Stockholm market was broadly flat, so the gain was its own; the likely driver was the early third-quarter report, brought forward ahead of the delisting, which showed revenue up from a year earlier and a smaller operating loss, even though the first nine months' revenue was still below last year's. The company has applied to delist from Nasdaq First North Growth Market, after which it will no longer be obliged to publish quarterly reports or press releases. Adjusted EBITDA (earnings before interest, tax, depreciation and amortisation, excluding one-off items) stayed negative, so the improvement is a smaller loss rather than a profit. Watch the delisting and any further news before trading ends.
Open LifeClean International's chart
Earlier this week
LifeClean rose clearly as its early Q3 report landed. Over the last five trading days LifeClean fell slightly, a bigger move than a slightly weaker OMX Stockholm 30, with the drop coming earlier in the window and the latest session turning up. The decline earlier in the week likely reflected the approved delisting from Nasdaq First North Growth Market, meaning the shares soon stop trading there and the company will no longer be obliged to publish quarterly reports or press releases. What to watch next is the final trading day before the delisting and whether any further news arrives before then.