Hatten Land’s share price mostly hovered around the 4 cent-mark throughout the day before surging to 6 cents, and closing at 6.5 cents, 0.6 cents higher or 10.2% up from its last closed price of 5.9 cents.
See also: Hotel Properties ‘not aware’ of any possible explanation for ‘unusual’ share price movements
On the hike, the market regulator asked if the company knew of any other possible explanation for the trading, including public circulation of information by rumours or reports.
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Hatten Land has since issued a statement at 6.02pm stating that it is unaware of any possible explanation with regard to the share price hike and that it is in compliance with the Catalist listing rules.
