Locate Technologies Limited has responded to an ASX inquiry about unusual trading activity, confirming no undisclosed information and compliance with listing rules. The company points to recent capital raising announcements as context for the share price movement.
- Unusual share price jump from $0.115 to $0.28 within days
- No undisclosed material information identified by Locate Technologies
- Company confirms adherence to ASX continuous disclosure rules
- Recent capital raising and treasury updates noted as possible trading drivers
- No trading halt requested despite significant volume and price changes
Background to the Price Query
On 26 June 2025, Locate Technologies Limited (ASX – LOC), a provider of real-time tracking and delivery solutions, formally responded to an ASX Price Query concerning a sharp rise in its share price and trading volume. The company’s stock surged from a closing price of $0.115 on 20 June to an intraday high of $0.28 just days later, prompting the ASX to seek clarification on whether any undisclosed information might be driving this activity.
Company’s Response and Compliance Assurance
Locate Technologies categorically stated it is unaware of any material information not already disclosed to the market that could explain the recent trading spike. The company reaffirmed its strict compliance with ASX Listing Rules, particularly continuous disclosure obligations under Listing Rule 3.1. The response was authorised and approved by the board, underscoring the company’s commitment to transparency and regulatory adherence.
Possible Drivers Behind Trading Activity
While no new undisclosed information was identified, Locate Technologies highlighted recent announcements related to capital raisings and treasury management updates. These corporate actions may have influenced investor interest and trading volumes, contributing to the price volatility observed. However, the company did not provide a definitive explanation for the surge, leaving some market participants to speculate on other potential factors.
Market Implications and Next Steps
Notably, Locate Technologies did not request a trading halt, which often accompanies uncertainty or pending announcements. This decision suggests confidence in the sufficiency of current disclosures. Investors and analysts will likely monitor forthcoming updates closely, especially given the company’s active capital management and the dynamic nature of the delivery technology sector.
Locate Technologies continues to operate through its Zoom2u and Locate2u platforms, servicing thousands of customers and drivers across Australia and globally. The recent share price movement, while unexplained by new information, reflects heightened market attention on the company’s growth prospects and strategic initiatives.
Bottom Line?
With no new disclosures but significant price movement, Locate Technologies’ next announcements will be closely watched for clarity.
Questions in the middle?
- What specific factors beyond capital raisings might be influencing the recent trading surge?
- Will Locate Technologies pursue further capital management initiatives to sustain investor interest?
- How will the company’s operational performance impact its share price in the coming quarters?