Friday 13th June 2014
|Text too small?|
OceanaGold, the Melbourne-based gold miner, said it isn't aware of any material information requiring disclosure which would account for its share price rise.
The company's shares surged 9.3 percent to $3.41, their highest since March 2013. The stock is the best performer on the NZX 50 benchmark index today, one of only five stocks to gain with the broader index down 0.5 percent. Its shares are also listed in Australia and Toronto.
"Changes in the company's share price this morning on the NZX is likely due to an increase in gold prices overnight, as well as a corresponding increase in the share value of the company and its peer group over the same period on the TSX and ASX," OceanaGold said in a statement.
Gold prices touched a three-week high yesterday, buoyed by safe-haven demand prompted by unrest in Iraq.
OceanaGold's shares resumed trading at 1:03pm, having been halted at 12:14pm pending the company's statement.
No comments yet
NZ dollar becalmed on US-China trade/politics nexus
Govt to pull Infrastructure Commission into Auckland port imbroglio
Wind to displace diesel for Stewart Island power
Eroad's five year target: doubling unit sales
Blinky boxes and gobbledegook: tips for choosing a cyber-security vendor
Govt support for NZME/Stuff merger difficult, not impossible, says Jarden
NZ dollar stalled; US-China trade signals remain mixed
Ryman warns NZ, Australia to take population ageing more seriously
MARKET CLOSE: NZ shares fall as US-China trade concerns weigh on markets; Ryman slips
NZ dollar stalled; US-China trade deal may be postponed