(MENAFN- ProactiveInvestors - Australia) Triple Energy (ASX: TNP) has seen its shares rise nearly 45% to an intra-day high of $0.033 today from the close of $0.023 on 1 February.
A large volume of shares have also been traded during this period with 55.7 million and 24.7 million shares exchanging hands today and yesterday respectively, prompting the ASX to issue a price and volume query.
Triple Energy said it was not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.
However, it noted that drilling is expected to begin this quarter on the CFT coal mine gas project that could provide investors with the potential for substantial leverage to drilling success.
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