Australia's AMA Group slides on price movement clarification

Ama

26/07/2023 04:36

** Shares of automotive aftercare firm AMA Group Ltd
 AMA.AX  slid as much as 16.7% to A$0.125, marking their biggest
intraday pct decline since April 17
    ** AMA on Tuesday closed up 30.4% at A$0.15 despite a lack
of news or announcements
    ** When asked to clarify the price movement by the ASX, AMA
said it is not aware of any information that could explain the
recent trading in its securities
    ** AMA does not consider the recent change in price and
volume of AMA securities is abnormal, it said
    ** About 3.6 mln shares change hands, vs the 30-day average
volume of 1.8 mln shares
    ** AMA down 30.2% YTD, as of last close

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))