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Great Boulder Resources answers ASX query on price and volume increase

The company’s shares are trading about 19% higher intra-day, at 18 cents.

shares rising chart
GBR started drilling at the Eastern Mafic complex earlier this week

Great Boulder Resources Ltd (ASX:GBR) received a query from the ASX today related to the company’s shares rising from 14 cents at the close of trading on Tuesday to a high of 20 cents today.

The ASX also noted the significant increase in the volume of Great Boulder securities traded during the same period.

Great Boulder responded to the query explaining that it was not aware of any information that had not been released to the market which, if known, could be an explanation for recent trading in the securities of the company.

READ: Great Boulder Resources commences diamond drilling at Eastern Mafic targeting deep feeder zone

Great Boulder did note its announcement made on Monday regarding the commencement of drilling at the Eastern Mafic complex.

Although the company considers the targets being drilled as part of this program are highly prospective, no results have been received from this program to date.

Quick facts: Great Boulder Resources Ltd

Price: 0.026 AUD

Market: ASX
Market Cap: $3.47 m

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