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WATERLOO, Ont. BlackBerry Ltd. says there haven’t been any major business changes to account for a trading frenzy that drove its share price higher today.
Toronto-listed shares rose as high as $26.51 apiece by mid-afternoon, up more than 48 per cent from Friday’s closing price of $17.86.
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Within the past year, the shares have traded for as little as $3.94 each, but have risen 61.5 per cent over the past five days alone.
James Langton
When markets drop, a surge in investor complaints usually follows. Indeed, complaint volumes throughout the investment industry rose in 2020.
Last year’s turmoil wasn’t just a run-of-the-mill financial crisis; it was also a dramatic shift to remote work for the investment industry, relaxed regulatory requirements (often necessitated by remote work) and an increase in fraudsters and hackers seeking to take advantage of new vulnerabilities.
The economic disruption meant many households and, by extension, retail investors suffered mightily.
The Canadian Foundation for Advancement of Investor Rights (a.k.a. FAIR Canada) stressed this reality in a recent submission to the Ontario Securities Commission (OSC).
Press release content from Accesswire. The AP news staff was not involved in its creation.
Altus Expands Activities into Egypt with Award of Gold Exploration Licences
January 25, 2021 GMT
DIDCOT, UK / ACCESSWIRE / January 25, 2021 / Altus Strategies Plc (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) announces that the Egyptian Mineral Resource Authority (“EMRA”) has confirmed that the Company’s 100% owned subsidiary, Akh Gold Limited will be awarded a number of gold exploration licences (“Licences”) located in the Eastern Desert of Egypt. The Licences will be awarded as part of Egypt’s inaugural competitive international exploration licence bid round, which commenced in 2020. Altus is working with EMRA in respect of entering into the definitive exploration licence agreements and will provide an update on this process and the Licences in due course.
BlackBerry says unaware of reason for stock price surge
The Blackberry logo is shown on a office tower in Irvine, California
(Reuters) – Canada’s BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150% since the start of January.
U.S.-listed shares of the security software supplier were up 17.7% at $16.53, set for a seventh consecutive session of gains.
Responding to a request from securities regulator the Investment Industry Regulatory Organization of Canada, BlackBerry said it was not aware of any material, undisclosed corporate developments that could have driven the surge in its stock and trading volume.
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