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Volante says no more unwelcome news
Stan Beer
Monday, 12 December 2005 16:23
IT box mover and services company Volante (ASX:VGL) issued a statement on Friday effectively saying that it has no more unwelcome surprises for the market, prompting its shares to climb 2.5c to 69.5c.
The unprompted statement said that the company was not aware of any reason to explain the recent decline in the price of VGL stock, other that its previously announced profit warning.
The move, which was presumably designed to stem the downward share price momentum appears to have worked with VGL shares now off their 12-month low of 65c.
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