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Bullabulling responds to ASX price and volume query

Bullabulling responds to ASX price and volume query

London and Australia listed Bullabulling Gold (LON:BGL, ASX: BAB) said it could not explain recent trading in its shares.

The firm was responding to a price and volume query from the Australian stock exchange.

It said it wasn't aware of any information, which has not been put in the market, which would explain the trading.

Bullabulling did reference however a newspaper article in Australia last week on August 24, which said the firm was potentially undervalued in an environment of rising gold prices.

"Other than this, and the continuing rise in the A$ gold price, the company is not aware of any other matters that would explain the recent trading," it said in the brief statement.

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