Quickflix queried by ASX on unusual trading volume

November 7, 2013 3:22

The Australian Stock Exchange has queried DVD rental and online streaming company Quickflix over a recent surge in the price of its shares rising from a 1.7 cents to a high of 2.2 cents in just two days.

In a letter to the company the ASX queried the share price spike and also “an increase in the volume of trading in company’s securities over this period.”

Quickflix share movement in the last month. Source: Yahoo

The ASX asked the company which has recently gone to market with a capital raising whether the company was “aware of any information concern it that has not been announced to the market which if known by some in the market, could explain the recent trading in its securities?”

Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

Topics