Tuesday, September 20, 2011

Jacka Resources Trading Halt

It's been just over two months since I first posted about Jacka Resources (JKA).  Since then there has been a lack of newsflow.  A few days after I posted about the company the stock price hit a high of $0.14 before that price spike was arrested after a 'please explain' from the ASX.  The share price since then has been weak along with the rest of the market.

The company went into trading halt yesterday and is due to release an announcement tomorrow regarding a 'Head of Agreement for a strategic asset transaction'.  It will definitely be one to keep an eye on over the next few days.

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