The Business Times
business-time-50

Hot stock: Golden Energy falls 27.2% on heavy trading, prompting SGX query

google-preferred-sourceAdd BT as a preferred source

Patricia Karunungan

Published Tue, Nov 8, 2022 · 01:11 PM
    • Golden Energy and Resources falls 27.2 per cent, or S$0.25, to pause at S$0.66 as at the midday trading break, representing its lowest trading level since Aug 30.
    • Golden Energy and Resources falls 27.2 per cent, or S$0.25, to pause at S$0.66 as at the midday trading break, representing its lowest trading level since Aug 30. PHOTO: BT FILE

    SHARES of Golden Energy and Resources (Gear) fell sharply on Tuesday (Nov 8) morning amid heavy trading, a week after news that the coal miner will be restructuring or exiting its energy coal business.

    The counter began steadily falling after opening at S$0.92, reaching S$0.87 to represent a 3.3 per cent or S$0.03 decline as at 11 am with some 10.2 million shares traded. By 11.35 am, Gear had plunged further to S$0.77, down S$0.13 or 14.4 per cent with a total of 16.9 million securities changing hands.

    The Singapore Exchange (SGX) issued a query at 11.37 am regarding the company’s “unusual” share price movements. 

    Hot StockGolden Energy & ResSGX

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More