Moa receives price enquiry from NZX after shares jump by almost half

Moa Group, the Marlborough-based brewer, has been hit with a price enquiry from NZX following a big jump in the price of its shares in the last few weeks. 

Moa's share price has risen 47.5 percent since June 27 to a peak of 87 cents from 59 cents.

In a letter published to the NZX, Moa's chief financial officer Geoff Copstick said the Blenheim company "continues to fully comply with all NZX Listing rules including the continuous disclosure of material information." 

The shares have since fallen back slightly to trade at 85 cents, a rise of 15 percent on the day. They've risen 7.3 percent since the start of the year and are up 138 percent on a year ago. They remain well below the initial public offering price of $1.25 achieved when Moa floated on the NZX in 2012. 

BusinessDesk.co.nz

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