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12 Jan
11:25

Cobalt Blue's shares jump causing ASX concern

Shares in Australian cobalt producer Cobalt Blue rose nearly 40% on Monday, causing the Australian Stock Exchange (ASX) to query the movements, Kallanish reports. The share price of Cobalt Blue opened on 11 January at AUD 0.26 ($0.20) and peaked at 0.36 at market close, an intraday rise of 38.6%. The rise represented a 50% increase on the company’s share valuation since the open of the previous day’s trading at AUD 0.24 on Friday 8 January. …
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