Stratum Metals (ASX: SXT) received an ASX price and volume 'speeding ticket' late Friday due to the company's shares hitting an intra-day high of $0.345, which is around one third higher than the $0.26 closing price on Wednesday 6th March 2013.
Stratum replied to the ASX saying that it is not aware of any information that has not been released to the market which could explain the sudden investor interest.
Worth noting Stratum's shares are around double the value they were in mid-January 2013, and three times what they were trading at about six months ago.
Recently Stratum discovered nickel and copper sulphide minerals that indicate the potential for supergene sulphide enrichment at the historic East Menzies Goldfield projects.
Stratum also recently raised $2 million by issuing 8 million shares at $0.25 to investors via a placement.
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