Shares in Catalist-listed HGH Holdings reached a 52-week high momentarily at 1.6 cents as at 9.06am on March 5 before plunging to 1.2 cents as at 9.42am, 0.2 cents lower than the 1.4 close on March 4.
Shares on March 4 closed at 1.4 cents, with a 55.6% spike in the company’s share price from 0.9 cents at 4.30pm.
HGH also saw high trading activity, making it the top-most traded counter as at 10.01am on the SGX.
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The “unusual movements” triggered a query from the market regulator who has asked the company to confirm its compliance with the listing rules, and to release any information it may have regarding the movements.
As at 10.02am, shares in HGH are trading 0.1 cent lower or 7.1% down at 1.3 cents, with 101.9 million shares changed hands.
