ARRIA NLG has seen its shares rise a further 14 per cent as it continued to benefit from a more positive market sentiment around its funding position.
That followed a bumper gain of 152 per cent on Wednesday when the technology company said it was confident of securing new backing over the next few weeks.
The shares had plunged sharply at the end of April after the AIM-listed firm admitted it was unsure of its ability to continue as a going concern as a result of its biggest customer, Shell, ending its contract.
That led to talks which had been taking place in the background breaking down.
Arria was looking to secure new financing to help roll out the company's products more widely while also trying to build up its client base and generate more revenue.
Arria uses natural language generation technology developed at the University of Aberdeen.
The Arria system helps to convert complex raw data into readable language and has been used in areas including weather prediction, oil and gas, financial services and agriculture.
The shares closed at 17p on Wednesday and had a further bounce on Thursday when the stock finished the day up 2.38p to 19p.
The stock is still far short of the 180p it was changing hands at shortly after Arria's flotation in December 2013.
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