Reward Minerals (ASX: RWD) received a price and volume speeding ticket from the ASX today due to the 44% share spike to $0.85 in intra-day trade, up from $0.59 a day before.
The company said there is no material information that has not been released to the market which may explain the sudden investor interest.
The company did however state back to the ASX:
'The primary focus of Reward Minerals is on potash discovery and production for fertilizer use.
'We note that many stocks in this field of endeavour have attracted market attention in recent times resulting in significant price and volume movements.'
To provide an insight into the re-rating of potash companies recently, Fortis Mining (ASX: FMJ) this week hit $3.98, compared to just $0.21 three months ago, with South Boulder Mines last week trading to $6.25, up from $0.26 just one year ago.
Reward eased slightly in afternoon trade to close at $0.78.