Argent said that it is not aware of any information to explain the change in trading activity.
On Friday, shares closed 24% higher at $0.026 compared to the last price on Thursday, with over nine million shares changing hands.
ASX response
Argent outlined in its response to the ASX some already public information, including the announcement at the end of November of the commencement of an eight-hole 1,600 metre diamond drilling program at the Kempfield project.
Drilling is targeting silver, gold, lead and zinc volcanic-hosted massive sulphide (VHMS) mineralisation.
Analysis
The discovery of additional VHMS mineralisation, and in particular, massive sulphides, could result in a substantial re-rating of the company.
Adding interest, the London Metals Exchange cash settlement price for zinc has recently reached eight year highs.
Kempfield also hosts 200,000 tonnes of contained zinc and 97,000 tonnes of contained lead.