A 25% surge in Catalist-listed Shen Yao Holdings’ share price to 1 cent on May 7 from its last close of 0.8 cents following high trading volume has prompted a query from the Singapore Exchange Regulation (SGX RegCo) on its trading activity.
The 1 cent share price represents a new 52-week high for the gold-mining company. Its 6-month unadjusted volume-weighted average price stood at 0.37 cents as of May 7.
