Hulamin’s share price jumps 25% ensuing it issued a cautionary
The Pietermaritzburg, South Africa based company that specialises in rolled aluminium products for precision and high technology applications, Hulamin’s stock prices climbed to a 25% rise in the morning trade of 14th October 2021, following the metal company issued a cautionary that it has set foot in discussions.
On 13th October 2021, the share price surged to a high of R3.99 after closing at R3.19.
The company exemplified: “Shareholders are advised that the company has entered into discussions which, if successfully concluded, may have a material effect on the price of the company’s securities.”
Consequently, the shareholders of the company were advised to exercise caution while dealing in the Hulamin’s securities.
The supplier of a significant proportion of the world's ultra-high-end aluminium products, Hulamin enhanced its profit performance during H1 2021 and amid Covid-19 pandemic engendered free cash flows.
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