Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 9): Bursa Malaysia has queried Dataprep Holdings Bhd over the recent surge in its share price.

According to an exchange filing today, the bourse issued an unusual market activity (UMA) query to the company after its share price spiked as much as 74% since its closing of 13.5 sen on Dec 30, 2016.

At 3.22pm today, the counter rose 2 sen or 9.8% to 22.5 sen, with a significant volume of 18.7 million shares traded. It had earlier touched a high of 23.5 sen.

Dataprep was highlighted as a stock with momentum by theedgemarkets.com last week.

For the second quarter ended Sept 30, 2016, Dataprep reported a net loss of RM487,000 versus a net profit of RM73,000 a year earlier. Revenue dipped 58.7% to RM7 million from RM16.93 million.

 

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