Informatics (I03.SG) +7.4% at $0.145 on strong volume, extending sustained gains since July 21, when stock closed at $0.06, says Dow Jones.

Interest in otherwise thinly-trade stock driven by high-profile Singapore investor Peter Lim’s recent buys in education group from open market, raising his stake to 13.26% from under 5.0% last month.

Lim’s other investments include Wilmar (F34.SG), UPP Holdings (U09.SG), Healthway Medical Group (5NG.SG).

“The recent surge in Informatics’ stock price on high volume points to expectations of continued earnings recovery,” says Kim Eng Securities, which has no rating, “Informatics is debt-free and has cash comprising 70% of its balance sheet. This should provide the firepower management needs to execute its M&A strategy.”

Orderbook quotes suggest price may test $0.155.