Avanti offers little explanation as share price surges
Satellite data communications services company Avanti Communications issued a statement on Friday afternoon, as its share price surged.
Avanti Communications Group
0.05p
16:49 17/09/19
-87.17%
-0.36p
FTSE AIM All-Share
742.56
16:59 18/09/24
n/a
n/a
Mobile Telecommunications
2,183.18
16:59 24/01/22
0.46%
10.02
The AIM-traded firm offered little explanation in its two-line release, however, as its stock shot up more than 35% to 44p.
“As announced on 11 July, the board is conducting a strategic review to consider all financial and strategic options,” Avanti’s board said.
“This is ongoing and an update will be provided in due course.”