PETALING JAYA: Shares of Cypark Resources Bhd
further rose by 7.1% today, continuing the uptrend in the past three weeks.
The stock, which closed at 98 sen, has risen by over 20% since March 19, reaching a market capitalisation of RM802mil. The integrated renewable energy player has gained RM136mil in market value in the period.
Interestingly, the surge in share price took place despite Cypark announcing a net loss of almost RM28mil recently for the third quarter ended Jan 31.
However, it is noteworthy that the company is in the midst of a "strategic review" exercise which commenced on Feb 28.
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