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Mirach Energy says ‘not aware’ of reason for 39% surge in share price

The Editor
The Editor10/21/2019 11:28 AM GMT+08  • 2 min read
Mirach Energy says ‘not aware’ of reason for 39% surge in share price
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SINGAPORE (Oct 21): Mirach Energy says it is unaware of any information not previously announced to explain the heavy trading on Friday that caused its share price to spike on Oct 18.

The firm, which is also currently on the SGX watchlist, saw its share price surge 38.9% within the span of half an hour on Friday afternoon, with some 776,000 shares changing hands during the day.

This had prompted a query from the market regulator, calling for the company to declare any information regarding the ‘unusual’ share price movements.

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