Bursa Malaysia slaps Theta Edge with UMA

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KUALA LUMPUR (Oct 31): Theta Edge Bhd has been slapped with an unusual market activity (UMA) query from Bursa Malaysia on the sharp rise in its stock price recently.

In a statement today, Bursa said investors are advised to take note of Theta Edge’s reply to the above UMA query, when making their investment decision.

Theta Edge shares rose as much as 46.7% to hit its intra-day high of 67.5 sen in early trade, before closing 11 sen or 23.91% higher at 57 sen — its highest closing since May 21 this year — with 14.67 million shares done. It was one of the top gainer counters on the exchange today. Its market capitalisation stood at RM68.64 million.

The stock has been trading in a 52-week range of 25 sen to 68 sen.

For the second quarter ended June 30, 2017, the company reported a net loss of RM1.89 million, compared with a net profit of RM135,000 a year ago, while revenue fell 41.6% to RM22.79 million, from RM38.99 million.