Hot stock: Oceanus hits two-month high as trading volume surges

OCEANUS Group’s trading volume has spiked in recent days, with the counter appearing among the top-traded securities on the Singapore Exchange since last Wednesday (Nov 9).

The mainboard-listed seafood supplier was the top-traded security by volume as at 10.11 am Monday (Nov 14), rising 6.3 per cent or S$0.001 to S$0.017 after 132.6 million shares changed hands. No married deals were recorded in early trade, based on ShareInvestor data.

Oceanus closed Friday at a two-month high of S$0.016, after 107 million shares were transacted.

The company was last queried by SGX in June for “unusual volume movements” in its shares after a total of 434.4 million shares were transacted on Jun 7.

No such query has been issued by SGX at the time of writing.