KUALA LUMPUR (July 30): Bursa Malaysia has slapped BTM Resources Bhd with an unusual market activity (UMA) query on the sharp rise in the timber firm's share price and trading volume recently.

"We draw your attention to the recent rise in price and volume of your company’s securities," Bursa Malaysia told BTM (fundamental: 1.65; valuation: 0.30) today.

Yesterday, BTM shares closed at 35.5 sen, with some 26 million shares done. This compared to 27.5 sen, with about five million units, on July 22.

Today, BTM was traded at 34 sen at 11:50am, down one sen or 3%, with some four million shares having changed hands. Year-to-date, BTM’s shares had gained 162%, outperforming the FBM KLCI's 3% decline.

At 34 sen, BTM had a market capitalisation of RM42.2 million.

BTM however, had not responded to Bursa Malaysia's UMA query at the time of writing.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)