Directa Plus shares rise on first-quarter update

Shares in AIM-listed graphene products manufacturer Directa Plus (LON:DCTA) climbed 8.94% to 67p (as of 14:30 GMT) after it announced revenues for the first quarter of 2020 were on track to more than triple. The order book for the rest of the year is in line with expectations and a number of major contracts are still in negotiation.

CEO Giulio Cesaro commented: “The strategy we are pursuing to gain traction and capture more value in our key vertical markets is succeeding. We hope that this will help insulate us from the worldwide economic uncertainty caused by the coronavirus“.