BUZZ-Investment bank B. Riley extends momentum ahead of Q4 results

Shares of beleaguered investment bank B. Riley Financial RILY.O jump as much as 55.3%; last up 28.2% at $4.36

RILY stock closed up 10.4% at $3.40 on Friday after the bank filed its much-delayed quarterly report for the three months ended September 30, saying that it has sufficient cash for the next 12 months

Bank says it expects to regain compliance with Nasdaq listing rule following the filing of the quarterly report

RILY also announced it will release its prelim fourth-quarter results after market close on March 3 and host a investor call with "a broader update"

"At that time, we will provide a comprehensive picture of our business and our priorities for the coming year," Chairman Bryant Riley says

Investor call will be RILY's first since August 12, when it revealed huge losses tied to Franchise Group, a retailer backed by the bank, and suspended its dividend

As of last close, RILY stock down 25.9% YTD