Shares of Tern PLC (LON:TERN) shot up 4% on Thursday . The company traded as high as GBX 13 ($0.17) and last traded at GBX 13 ($0.17). 285,947 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,320,000 shares. The stock had previously closed at GBX 12.50 ($0.16).
About Tern (LON:TERN)
Tern Plc invests in the private software companies. It primarily acquires or invests in companies operating in the Internet of Things and cloud spaces. The company was formerly known as Silvermere Energy plc and changed its name to Tern Plc in August 2013. Tern Plc was incorporated in 2004 and is based in London, the United Kingdom.
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