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Hot stock: Artivision Tech says online articles on company could be behind heavy trading
ARTIVISION Tech said on Thursday that articles published on investment websites and forums in relation to the company could have caused the unusual volume movement in its shares.
The mainboard-listed video advertising tech company was responding to a query by Singapore Exchange (SGX) on its unusual trading activity.
In its response, Artivision Tech said: "The board notes that the company's shares may be covered from time to time by investment websites and forums in articles relating to the company.
"The board wishes to highlight that the management of the company had not provided any writers of online content any information relating to the company and the group which had not been disclosed to the company's shareholders and SGX. Hence, the views and perspectives of such persons remain theirs alone."
The company added that shareholders and investors are urged to exercise caution in trading of its shares.
Artivision Tech was among the most active stocks on SGX on Thursday. As at 4pm, it was trading at S$0.029 - 6.45 per cent or S$0.002 down from its opening price of S$0.031. Over 108 million units had changed hands.