AVACTA (AVCT) has seen its share price rise from 100p on May 13 to 200p and then decline to 140p. I feel sorry for those investors who bought at around 200p.
The sharp decline in the share price (20p on Tuesday and 20p on Wednesday) could be evidence that this deal has leaked.
Source: Interactive Investor
The £25m placing price is 120p, so the fact that the share price is staying stable today at 140p (at 09.48 as I write) suggests, in my opinion, ...