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() shares hit an intra-day high of $0.21 today from a close of $0.155 on 6th August prompting a share and volume query from the ASX.
In its response the company said it was not aware of any information not released to the market which could explain the trading.
SOR noted that on 5th August it provided an update to shareholders on the memory technology being developed under licence from the University of New South Wales.
It had announced then that it was pleased with developments and that an in-depth update would be provided within the next two weeks.
Shares in SOR last traded at $0.195.
The technology consists of tiny cube-shaped memory cells with potential to enable massive amounts of data to be stored on smaller faster memory chips.
This new type of resistive random access memory uses tiny nanocubes made from cerium oxides.
Jolts of voltage are applied to the nanocube memory cells changing their state between resistive and conductive to create and store data.
The aim is to design the memory technology for manufacturers to incorporate into their own devices.
Development will be conducted by Australian Advanced Materials 100% owned by .
AAM is aiming to produce a prototype with a layer of nanocubes within the next six months.
UNSW testing has proven that data can be reliably stored in and retrieved from the nanocube memory cells. Accurately repeating this over 200000 times in testing also proved exceptional reliability.
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