After enjoying a steady increase in its share price since November 2020, before reaching highs of over 7 cents in late February, shares in Oceanus plunged 2.1 cents or 32.8% as at 11.03am to 4.3 cents.

Shares in Oceanus went to a high of 7.6 cents on March 1 after the company posted earnings of $3.1 million in the FY2020, reversing from its losses from the year before.


See: Oceanus posts record revenue; reverses from net loss a year ago to earnings of $3.1 mil for FY20


 

On March 2, shares in the company closed at 6.4 cents before it plunged to 3.9 cents as at 10.15am on March 3.

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The unusual movement triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 10.30am, the third in the past two months.

SGX RegCo has asked Oceanus to reveal any information that may be material and price-sensitive, and that it is compliant with the listing rules.

As at 11.17am, shares in Oceanus fell further, 2.3 cents lower or 35.9% down, at 4.1 cents.


See also: Oceanus triggers second SGX query in a month as share price goes past 7 cents and Oceanus receives market regulator's query after over 8% share price surge