Markets

Market flurry on Zoono news, but details scant

Denise McNabb
Mon, 26 Apr 2021

Market flurry on Zoono news, but details scant
Denise McNabb
Mon, 26 Apr 2021
They say the devil is in the detail. When ASX-listed New Zealand antimicrobials company Zoono Group released a market update on April 1, there was so much good news it shot a languishing share price up 53% the same day, even if it was light on detail. Investors were drawn specifically to deals with Washington state big hitters Boeing and Microsoft, according to share trader forums like Hot Copper. Short sellers were also busy betting on the company having short-lived joy. (further details below).Apart from announcing a partnership with Boe...

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