(MENAFN- ProactiveInvestors - Australia) Overland Resources (ASX: OVR) has drawn some investor interest which has resulted in a 93% share price hike to an intra-day high of $0.029 yesterday, up from a close of $0.015 on Friday 4 January.
The sudden spike has prompted the ASX to issue a price and volume query, with around 1.8 million shares changing hands alone yesterday and trades approaching the 1 million mark today.
Overland told the ASX it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.
The company is currently working to identify and secure highly prospective ground and quality assets.
Overland is evaluating assets within financially distressed companies to determine whether there are opportunities with substantial upside where the company may be able to utilise its strong cash position to leverage into a high quality project for value.
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