ERoad gets 'please explain' after shares gain 16% in six days

Thu, 06 Nov 2014

By Suze Metherell Nov. 6 (BusinessDesk) - ERoad, the logistics and fleet management company, got a 'please explain' by NZX regulation after its stock gained 16 percent since the end of last month. The Auckland-based company said it complied with NZX listing rules, without offering any further explanation behind the gain in share price, after it was asked by NZXR to queried the stock's 58 cent gain to trade at $4.25 this morning from $3.67 on Oct. 29. Under continuous disclosure rules listed companies must inform the market of all price se...

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