Today Kasbah Resources (KAS) shares have raced away 60% ($0.085) to $0.225 on volume of 9.2 million. The company has not issued an announcement nor has the ASX issued a price query to the company. So why the surge? Tin prices have been strong recently and the Eureka Report covered the stock a bit over a week ago. But the main reason? Apparently the company was also covered by the Diggers & Drillers monthly publication overnight with a strong recommendation. The copyrighted publication was posted on stock chat forum 'Hotcopper' by a member only for the moderators to pull it down.
Hartleys also issued a research report on the company with a speculative buy recommendation.
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