Boart Longyear can't explain share price spike

Drilling services provider unaware of reason for 75 per cent rise in share price.

Drilling services provider Boart Longyear (BLY) says it is not aware of any information that could explain yesterday's 75% rise in the price of its shares.

The ASX asked the mining services group to explain an increase in the volume of its shares traded, as well as a price jump that saw its shares close at 21c yesterday, up from a close of 12c the previous day and 8.7c on July 18.


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