PPY) share price swells on funding announcement // Motley Fool Australia

Papyrus Australia Ltd (ASX: PPY) shares were on fire today. They rose 26.32% to 7.2 cents per share this morning (before the ASX was suspended anyway). The Papyrus share price had closed at 5.8 cents on Friday afternoon last week. But it opened at 6.7 cents this morning and rose to 7.2 cents before the ASX was suspended (it remains suspended at the time of writing).

It’s been an… interesting year for the Papyrus share price. This company has spent most of 2020 (and indeed, most of the past decade) stuck at around just 1 cent per share, with the occasional spike to 2 cents. However, last month, we began seeing some volume come into this company, which pushed up Papyrus shares to 4 cents. Then, between 5 and 9 November, the…