Catalist-listed Grand Venture Technology has triggered a query by the Singapore Exchange Regulation (SGX RegCo) for “unusual price movements” after its share price climbed to 13.6% from last close to 75 cents, marking a new 52-week high.
The query was triggered at 1.04pm, with SGX Regco asking the company to reveal any information that may have brought about the price movements.
SEE:Grand Venture Technology reports 1QFY21 earnings of $3.3 mil, up 434.9%
Grand Venture Technology was also asked to confirm its compliance with the listing rules, in particular Catalist Rule 703.
As at 3.32pm, the company's share price is trading at 74 cents, 12.1% or 8 cents higher from last close.
