The share price of Atwima Kwanwoma Rural Bank PLC has increased by 100%.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Atwima Kwanwoma Rural Bank PLC has announced a 100% increase in its share price, raising it from fifty pesewas to one cedi.

The current price will be maintained for existing shareholders over the next eight months. According to the Bank, the increase reflects the value it has created over the years.

Despite the 100% hike, management believes the intrinsic value of the shares exceeds the new pricing.

Chief Executive Officer, Samuel Bonsu Sekyere, emphasised that the new pricing was determined with their target market in mind.

Source: newsthemegh.com