Diligent shrugs shoulders over share price spike, hefty trading volume

Mon, 11 Mar 2013

By Paul McBeth March 11 (BusinessDesk) - Diligent Board Member Services, which reported an almost trebling of annual profit earlier this month, can't explain a surge in its share price and hefty trading volumes in recent days. The company said it wasn't aware of any material information that hadn't been released to the market that caused as much as a 26 percent jump in its share price in the past week. Nor could it account for its average daily value of trading rising more than tenfold to $8.4 million since March 7. The stock exchange issu...

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