Cavalier asked to explain 27% share price jump

Tue, 12 Apr 2016

By Edwin Mitson April 12 (BusinessDesk) - The NZX has written to Cavalier Corp asking the carpet maker for an explanation for a 27 percent jump in its share price in under a week. In its letter, the NZX says the Auckland-based manufacturer's share price has increased from 59 cents at the market close on the April 6 to 75 cents at 11am this morning, an increase of 16 cents. The stock market operator asked the company to advise whether they continue to apply with the listing rules demanding continuous disclosure of information which could...

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