Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazine200% share price gain in one day
Long-suffering shareholders in micro-cap lighting controls designer Photonstar Led (PSL:AIM) were treated to a rare upwards share price movement on 28 April.
After issuing a profit warning in January, the tiny firm had been limping along with an ever-decreasing share price. Everything changed last week when a student accommodation developer said it might order 50,000 devices from Photonstar.
The ‘letter of intent’ triggered a 200% one-day share price gain to 1.8p.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
