The price in the UK was up 17.5% today on fairly constant buying when the company issued the following news release (about 90 minutes ago). The price is now up only 5% at 7p or 14c. Don't understand why the company felt the need for a news release.
RNS Number : 1791S
Rheochem PLC
13 May 2009
Rheochem Plc
("Rheochem" or the "Company")
Statement re Share Price increase
Rheochem Plc, the oil and gas business with oil services, production, development and exploration assets, announces that it knows of no reason behind today's share price rise.
On 27 February 2009 the Company announced its interim results and stated it would conduct a strategic review of its oil and gas assets. This review is ongoing and no decisions have been reached.
The price in the UK was up 17.5% today on fairly constant buying...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)