STOCK WATCH

■ OIL and gas minnow I3 Energy shot up 8.6pc, or 0.35p, to 4.4p, after it completed a deal to buy assets from a Canadian group called Toscana Energy Income Corporation.

Toscana’s projects already pump out around 9,500 barrels a day, of which about twothirds is gas.

I3 has been given the goahead to start trading shares on the Toronto Stock Exchange from Friday. The AIM-listed group also confirmed it plans to pay a dividend in the first quarter of 2021.