Platina Resources Ltd (ASX:PGM) received a query from the ASX on Friday related to the company’s share price rising from a low of 4.2 cents at the close of trading on Wednesday, July 10 to a high of 4.9 cents on Friday, July 12.
The ASX also noted the significant increase in the volume of Platina securities traded over the same period.
Platina 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: Platina Resources' subsidiary lodges mining lease application for Platina Scandium Project in NSW
However, the company noted that it continues to advance confidential discussions with 3rd parties relating to its current projects and new investment opportunities.
No formal terms have been agreed and there is no certainty that any agreement/s binding or otherwise will eventuate.