Looks like the announcement from Mar 18 might have something to do with it.
Price has been smashed on minuscule volume for the last few months, then hit 14 million shares traded on Mar 10. The CEO and chairman only boosted their holdings by a couple of mil, so this new domestic fund has got in on a low base. Read into that how you like.
“Hubify is pleased to announce that CEO, Victor Tsaccounis, and Chairman, Anthony Ghattas, have increased their shareholdings in the Company through recent on market share purchases in a stock-crossing, which also saw a telco industry professional (previously an executive of M2 Telecommunications between 2000 to 2013), increase his holding. HFY also welcomed a new domestic fund to the share register.”
HFY Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
