Linc Energy issued with "trade with caution": SGX

Singapore - The Singapore Exchange issued a trade with caution for Linc Energy at about 1:30pm after the company said it was not aware of any reasons that could explain the unusual price movements in its shares on Friday.

SGX had queried the company in the morning.

Linc Energy shares hit a morning low of 83.5 cents after opening at $1.01 before recovering to about 87 cents as at 2pm.

The company's shares has been falling since the start of this month and tumbled especially steeply over Wednesday and Thursday, registering a drop of 9 cents, or 8.6 per cent, over the past two days.

Join ST's Telegram channel and get the latest breaking news delivered to you.