Bioxyne Limited (ASX:BXN) Responds to ASX Price Query
Recent Trading Activity
Bioxyne Limited (ASX:BXN) has addressed a query from the ASX regarding unusual trading activity. Recent fluctuations saw BXN’s securities rise from $0.013 to $0.022 over several days alongside a marked increase in trading volume.
Company’s Position
In response to the ASX’s inquiries, Bioxyne confirmed it is not aware of any undisclosed information that could explain the dramatic trading activity. Furthermore, it stated that it is in compliance with all Listing Rules, particularly Listing Rule 3.1.
Compliance Confirmation
The company has assured that all responses to the ASX inquiries were authorised and approved by the Board, reflecting the adherence to its continuous disclosure policy. According to Guy Robertson, Company Secretary, “We confirm that BXN is in compliance with the Listing Rules and the responses have been approved by the Board.”
Next Steps
Bioxyne is committed to transparency and will provide timely updates to the market as required by the ASX. The company remains focused on its operational goals while monitoring market conditions closely.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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