Segue Resources Ltd (ASX:SEG) received an ASX Price & Volume query after the company's shares hit an intraday high of $0.005 yesterday, up from a closing price of $0.004 a day earlier, on increased volume.
Segue responded that it was not aware of any information which could explain the recent trading.
The company did though refer to a recent announcement in its response to the ASX, where it commenced a 3,800 metre aircore drilling program consisting of 58 holes at its Plumridge Gold Project.
Adding to future news flow, in June joint venture partner MMG Limited had commenced a detailed Ground Moving Loop Electromagnetic (MLEM) survey at the Plumridge Nickel Project in the Fraser Range Province of Western Australia.
The MLEM survey will test an initial 10 target areas for a conducive response and is expected to be completed by mid-July 2016.
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