Yahoo Finance Aspen Group triggers SGX query after 55.9% share price hike
The company’s shares are the most heavily traded among counters on the SGX-ST so far.
Aspen Group has triggered a query from the Singapore Exchange Regulation (SGX RegCo) after its shares spiked by 55.9% to trade at 5.3 cents from its last-closed price of 3.4 cents.
In its filing at 9.42am, the market regulator noted Aspen’s “unusual volume movements” and asked the group to release any information that may have brought about the trading. It has also asked Aspen Group to confirm its compliance with the listing rules.
Shares in Aspen Group rose steadily since the market opened, reaching an intra-day high of 5.3 cents so far.
The company’s shares are also the most heavily traded among counters on the SGX-ST.
As at 10.06am, shares in Aspen are trading 1.6 cents higher or 47.06% up at 5 cents with 18.3 million shares changed hands. Only 828,000 shares in Aspen changed hands as at the close of the market on Dec 28.
/Update
Aspen Group, at 12.17pm, responded to say that the group is not aware of any information that could have triggered the unusual volume movements.
See Also:
Click here to stay updated with the Latest Business & Investment News in Singapore
Get in-depth insights from our expert contributors, and dive into financial and economic trends
