The Singapore Exchange has slapped dry bulk shipper Mercator Lines (Singapore) with a trade with caution warning.
This was after the company responded on Aug 14 it was not aware of any reasons that could explain the substantial increase in traded volume between Aug 13 and 14.
On Aug 13, the stock closed at 3 cents with 64.4 million shares changing hands. A day later, it closed at 4 cents with 76.7 million shares traded.
These were much higher than the recent spikes in volume on July 21 and June 11 of 11.9 and 11.2 million shares.
Shares of Mercator is up 8.8% at 3.7 cents this morning.
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This was after the company responded on Aug 14 it was not aware of any reasons that could explain the substantial increase in traded volume between Aug 13 and 14.
On Aug 13, the stock closed at 3 cents with 64.4 million shares changing hands. A day later, it closed at 4 cents with 76.7 million shares traded.
These were much higher than the recent spikes in volume on July 21 and June 11 of 11.9 and 11.2 million shares.
Shares of Mercator is up 8.8% at 3.7 cents this morning.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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