To understand yesterday's rise is to look at yesterday's numbers. Between 0.12 to 0.14, only one buyer snapped up all. Or max not more than 10 buyers. It could be someone trying to have a backdoor control of shares or institutional buying (foreign?) - who knows.
News from the Edge:
"“Lately the [solar power] sector seems to have garnered positive sentiments especially from the Government. Last week TNB (Tenaga Nasional Bhd) awarded contracts to two companies for solar-related projects. This bodes well for the sector,” he told theedgemarkets.com when contacted."
Now this might be the reason for the surge initially. Otherwise it is something unexpected until the company announces it. So enjoy the ride folks
i actually think that operator will keep price and will stay at 0.09, plus-minus. When listing of new shares, price can still be maintain at 0.03/share
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AlfI3
1,283 posts
Posted by AlfI3 > 2020-07-02 00:20 | Report Abuse
I billion volume far a penny stock rather easy to achieve but very rare to have this situation in d past