Bought: Avacta Life Sciences Ltd

Bought: Avacta Life Sciences Ltd

My first purchase of small-cap shares on AIM. Hopefully it won’t be the last, although I’ll need to sell existing funds or earn some more money before buying more! I bought this at 69.5p, after asking for advice on a fast growing stock which might benefit from the COVID-19 crisis. I was pointed to a paper by a private investor, Myles McNulty, written last month and recommending investment at 22p. Although I’ve missed the big rise, the paper is convincing enough to suggest that there’s much more to come. In addition, the company is based near here, so it gets coverage in the local paper, which is interesting.

22 April 2020

 

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