30 May '17, 6am

THE CURIOUS CASE OF SERRANO: There is one stock which puzzled me, its name is called Serrano (not Serangoon). On 23…

There is one stock which puzzled me, its name is called Serrano (not Serangoon). On 23 May 2017, this stock rallied by 210% to close at $0.031 from its previous closing price of $0.01. The unusual stock movement caused SGX to enquire Serrano and Serrano called for a trading halt. Serrano’s response to SGX’s enquiries was that it was unaware of any reason which could have caused the large price north of its stock. Since then, Serrano stock has been trading in the high twenty cents to over mid thirty five cents range.

Full article: http://thefinance.sg/2017/05/30/the-curious-case-of-serrano/

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