Coastal Africa shares trade with £53 million AIM premium on tight supply
Coastal Africa Group Limited showed a paper gain of around £53 million over its AIM listing price on Friday. That move came off a quote that had thin price depth, with no new company updates. London traded as usual, with the LSE open from 8:00 a.m. to 4:30 p.m. local time. Coastal Africa’s midpoint was 200p, broker data showed, with quotes at 100p on the sell side and 300p to buy. The same data had the open and previous close at 200p. Coastal Africa's market cap sat at £271.57 million. No volume was reported. Exchange market size was 1,500 shares.