52% share spike prompts asx speeding ticket

Metals Australia 52% share spike prompts ASX speeding ticket

Friday, January 27, 2012 by John Phillips

Metals Australia (ASX: MLS) has jumped onto the investor radar, with the company's shares rallying 52% to $0.035 on high volume in the two days to Wednesday 25 January, prompting an ASX price and volume speeding ticket.

Metals Australia said the company was not aware of any material information that has not been released to the market, which may explain the sudden investor interest.

The company did however refer back to a couple of announcements made in November 2011, which included information surrounding numerous new uranium targets being identified at the Kudu-Impala prospect, with anomalism covering more than 16 square kilometres.

At the time the exploration manager for Metals Australia said that the survey results had been bettter than expected.

http://www.proactiveinvestors.com.au/companies/news/24569/metals-australia-52-share-spike-prompts-asx-speeding-ticket-24569.html