Traders puzzled by rally in stocks linked to 2013 penny crash

Singapore

A NUMBER of penny stocks linked to the 2013 penny stock crash saw their share prices jump on Monday amid heavy volumes, leaving traders mystified about who was doing the buying.

Attilan Group, the investment company formerly known as Asiasons Capital, trebled in value to 1.5 Singapore cents from 0.5 Singapore cent with 193.4 million shares traded.

Shares of mining and resources company Blumont Group rose 200 per cent to 0.3 Singapore cent from 0.1 Singapore cent on a volume of 54.7 million traded shares.

Magnus Energy, an energy equipment and production company, saw its shares jump 50 per cent to 0.3 Singapore cent from 0.2 Singapore cent after 122.4 million shares changed hands.

Investment firm ISR Capital's stock rose 42.7 per cent to 11.7 Singapore cents with 43.5 million shares traded. ISR's shares were trading at 0.6 Singapore cent on May 10, giving the counter a 19-fold increase in just one…