Caribbean Cement is now listed as trading at $5 which would be the highest for more than a year, but the trade pushing the price to that level has, resulted in the stock being frozen from trading for an hour.
The stock can trade up to another 15 percent higher from the $4.60 or a maximum of $5.29 for the day. Mayberry Investments crossed 300,000 units at $4.08 shares which were sold from in house inventory to a client similarly another 1,000,000 units at $4.18 and 2,000,000 units at $4.20 was similarly traded by them fro in house inventory.
Mayberry Investments also traded 177,448 shares at $4.80 and 7,000 at $5 both these trades exceeded the permitted price change of 15 percent which led to the stock be frozen unit 11.48am. the stock has been responding to a big jump in profit for the first quarter, suggesting earnings should exceed $1 per shares.
Carib Cement shares frozen
May 4, 2015 by
