Medtecs International Corp has shot up by more than a fifth thus far today, drawing an unusual trading query from the Singapore Exchange.
It was the fifth most heavily traded stock this morning.
As at 10.57am, Medtecs shares changed hands at 13 cents, up 20.72% for the day.
The company sells medical disposables such as hospital gowns, masks and other related items.
Since the pandemic eased, the company's earnings has dropped and its share price too.
On Feb 28, the company reported a loss of US$28.5 million for FY2022 ended Dec 31 2022, reversing from earnings of US$17.3 million from the preceding year.
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In its response after market closed for the day, Medtecs gave the standard response that it wasn't aware what might have caused the share prices to move the way they did and the company believes it has not flouted the relevant listing rules.
Medtecs shares closed at a day high of 14 cents, up 24.32%.
