Petards mystified as to reason for Thursday share price spike
Petards Group
7.75p
16:55 19/04/24
0.00%
0.00p
Petards Group issued a statement on its share price on Friday, after the company’s stock spiked to a high of 19.4p on Thursday afternoon, from an opening price of 16.5p.
FTSE AIM All-Share
745.67
17:08 19/04/24
n/a
n/a
Support Services
10,465.25
17:10 19/04/24
0.15%
15.85
The AIM-traded firm’s price then fell back, closing at 16.1p on Thursday afternoon.
It said it was not aware of any specific reason for the “significant increase” in its statement.
“[We are also not] aware of any material developments beyond those previously notified to the market,” the board said.
At 1202 GMT, shares in Petards Group were down 6.96% at 16.98p.