Shares in Countrywide went down almost 8% yesterday, finishing the day at about 4.4p.
Because the share price is low, the drop only equated to about 0.4p and the shares tend to be volatile in any case. In early trading this morning, the share price picked back up by some 3.4% to almost 4.6p.
The firm has had a bruising week, with a £100,000 fine levied by the RICS after a disciplinary tribunal looked into how Countrywide dealt with just over £10m worth of surplus client money over a period of some ten years.
Countrywide accepted two charges against it, and also a reprimand.
As of yesterday evening, the company had not issued an RNS statement about the hearing or its outcome.
EYE has asked whether it will be doing so.
The RICS is likely to publish a fuller report of the disciplinary hearing and its outcome today.