BCL queried on share price lift

BOUGAINVILLE Copper Ltd was queried by the Australian Stock Exchange on Tuesday after its share price surged from A$0.735 to A$0.94 between Feb 21 and Feb 27, easing back to A$0.91 on Tuesday.
Bougainville’s company secretary Paul Coleman told the ASX the company was not aware of any information that could have given rise to the big surge in the company’s share price and that it was in compliance with the ASX listing rules.
The company had been subject of bouts of speculation involving overseas shareholders who were optimistic about an early opening of the copper-gold mine, which was shut down in May 1989 following civil unrest in Bougainville.
Its share price hit A$1.20 in September last year but has since slid to a low of around A$0.65 at the end of January before the recent price increase.