Shares in Catalist-listed HGH Holdings reached a 52-week high momentarily at 1.6 cents as at 9.06am on March 5 before plunging to 1.2 cents as at 9.42am, 0.2 cents lower than the 1.4 close on March 4.

Shares on March 4 closed at 1.4 cents, with a 55.6% spike in the company’s share price from 0.9 cents at 4.30pm.

HGH also saw high trading activity, making it the top-most traded counter as at 10.01am on the SGX.

SEE:Shares in Oceanus plunge 32.8%, triggering third SGX query in two months

The “unusual movements” triggered a query from the market regulator who has asked the company to confirm its compliance with the listing rules, and to release any information it may have regarding the movements.

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As at 10.02am, shares in HGH are trading 0.1 cent lower or 7.1% down at 1.3 cents, with 101.9 million shares changed hands.