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Hot stock: Stratech's counter soars 11.7% in early trade

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SHARES of Stratech Group soared more than 11.7 per cent or 0.4 Singapore cent to S$0.038 in early-morning Tuesday trade. As at 9.54am, the shares were trading at S$0.037.

SHARES of Stratech Group soared more than 11.7 per cent or 0.4 Singapore cent to S$0.038 in early-morning Tuesday trade. As at 9.54am, the shares were trading at S$0.037.

Stratech was one of the most active counters with over 67 million shares changing hands as at 9.54am on Tuesday.

On Monday, the group said it was not aware of any undisclosed information that could explain a surge in its share price the same day.

The reply came after Singapore Exchange (SGX) sought clarification from the IT and technology-solutions provider in a trading query regarding its shares.

The group's counter had on Monday risen 36 per cent, or 0.9 Singapore cent, to close at 3.4 Singapore cents after 90.6 million shares changed hands.

It was the second-most heavily traded stock by volume on SGX for the day.

The company is the relisted entity of the former IT and advanced technology systems provider Stratech Systems.

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