Blis Technologies debuts with share trading frenzy

Shares in Blis Technologies worth more than $2.5 million changed hands this week even though the company has yet to reveal details of its activities or financial forecasts.

The 40 million 10c shares had hit $2.20 by the end of Monday before settling back to $1.35 mid-week after turnover of nearly one million shares, giving the company a value of $50-70 million.

On Wednesday the shares hit a low of $1.10 before strengthening again due to some panic-selling by shareholders who were fearful of missing out on the stagging, according to sponsoring broker Forsyth Barr.

"It's not really the kind of stock we'd promote to many clients. We have to explain that it's highly volatile."

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

EBOS Leadership Transition
Fonterra provides update on Consumer divestment process
Meridian enters into agreement to acquire NZ Windfarms
Fletcher Building Announces HY25 Results
February 19th Morning Report
Turners upgrades FY25 profit guidance
Infratil Increases its Investment in CDC
Devon Funds Morning Note - 18 February 2025
February 18th Morning Report
Devon Funds Morning Note - 17 February 2025