Hot stock: Natural Cool share price skyrockets

CATALIST-LISTED Natural Cool is now very, very hot, judging from the way its share price is surging on Wednesday.

The electrical appliance and air-conditioning systems dealer went up by 370 per cent to S$0.50 apiece at 11.04am, its highest price thus far. It has since cooled to S$0.285 at 11.37am, but still up 15.8 Singapore cents, or 124.41 per cent, from its previous close.

This fluctuation has prompted a query on its trading activity from Singapore Exchange. Natural Cool has yet to respond to the query.

Natural Cool executive chairman Joseph Ang has recently survived an ouster attempt by a narrow margin of votes at an extraordinary general meeting (EGM) held on Monday.