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318% up and still going
Shares in IQE (IQE:AIM) have caught fire in 2017 on a wave of exciting commercial breakthroughs. The stock closed out 2016 at 37.75p on 30 December only to soar to 126.5p records on 10 August. That’s a stunning 231% gain in less than eight months.
The Cardiff-based company develops specialist semiconductor compounds used in wireless communications and, increasingly in future, for emerging technologies, such laser-based photonics and infrared technologies.
Shares has flagged this emerging growth story right from the off, first 30.25p in September 2016, long before the share price reaction, and multiple times since. That implies an even more staggering 318% paper profit in under a year.