Producer’s shares suspended
Two large increases in the shares of Australis in recent weeks - rising by 35.05% and 45% respectively - have led to the suspension of trading in the shares of the Chilean salmon producer.
On January 28th the share price of Australis Seafoods closed at $ 15.01 (US$ 0.02), up from $ 7.5 (US$ 0.01) tow weeks ago.
For the second time in recent days, the Stock Exchange Market sent a letter informing the company that, according to self-regulation rules, transactions of its shares were suspended on Wednesday midday, being traded again the following day.
The stock market regulator asked the salmon company to report, as soon as possible, any special circumstance or fact that may explain the major change experienced by the company’s shares in the stock exchange.
Meanwhile, Australis has not responded to the latest request while in the previous one, on January 22nd, the Administration and Finances manager of Australis, Moises Saravia, said they had no information on any special circumstance or fact to explain these variations.
This situation is similar to what has happened with the share price of other salmon producing companies in recent days.
