SunMoon Food surges 42.4%

Singapore

PENNY stock SunMoon Food surged 42.37 per cent, or 2.5 Singapore cents, on the local bourse on Thursday to end trading at 8.4 Singapore cents, buoyed by high buying volumes, prompting the Singapore Exchange to issue a "Trade with Caution" warning on the counter.

The company, which is a fully integrated fresh fruit and dehydrated produce business, said it is not aware of any information which is material and not previously announced concerning the company, its subsidiaries or associated companies which might explain for the trading pattern.