30 Jan 2012

Share price rise explanation wanted

12:09 pm on 30 January 2012

Rakon has been asked to explain to the Stock Exchange the reason its share price has surged more than 40% this month.

During the period 4 - 27 January, Rakon's share price rose 20 cents from 67 cents, a rise of 42.5%.

The Stock Exchange says Rakon needs to advise whether it continues to comply with the listing rules.

NZX wants an answer by 9.30am on Tuesday.