CyanConnode says no reason for recent share price move

AIM-listed CyanConnode noted the recent movement in its share price on Monday and said it was not aware of any corporate developments that justify such a move.

The group said it continues to focus on the execution of its order book of $100m, together with winning new commercial contracts for its products in both existing and new territories.

“The company will provide a trading update for the full year once the customer deliveries expected in December are complete.”

At 1430 GMT, the shares were up 11% to 20p.