Shares in Vividthree rose to a high of 6.6 cents as at 4.12pm on Nov 20, from the 4.1 cents as markets opened on the same day.
As a result of the unusual price hike, the visual effects and CGI production studio received a query from Singapore Exchange Regulation (SGX RegCo) regarding its “unusual price movement”.
The market regulator at 4.18pm asked if the company knew of any other possible explanation for the trading, including public circulation of information by rumours or reports.
Shares in Vividthree closed 2.3 cents higher or 56.1% up at 6.4 cents on Nov 20.
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