Walkabout Resources Ltd’s (ASX:WKT) shares have been on a tear, rising from a close of 8.3 cents on Thursday to an intraday high of 10.5 cents today, prompting the ASX to issue a speeding ticket.
The company’s shares witnessed a high volume of trading, with over 268 million shares changing hands.
Responding to the ASX price and volume query, Walkabout confirmed that there was no information that had not been announced to the market.
READ: Walkabout Resources set to unlock lithium, cobalt, gold and graphite opportunities
The company is continuing to focus on lithium exploration in Namibia along with an active cobalt exploration program in Northern Ireland.
Last month, Walkabout initiated an airborne electromagnetic survey over target areas of the Slieve Gallion cobalt-copper-silver joint venture licence area in Northern Ireland.
READ: Walkabout Resources to fly survey over Northern Ireland cobalt-copper-silver targets
The licence is about 20 kilometres from the 4.4 million ounce Curraghinalt gold resource of Dalradian Resources (LON:DALR).
Grades of up to 0.13% cobalt, 1.27% copper and 50.3 g/t silver were returned from previous sampling in a quarry in this area.