NoviqTech responds to ASX inquiry

NoviqTech (ASX:NVQ) has addressed a query from the ASX following a significant rise in its share price, from $0.093 to $0.15 in one day. The company stated it has no undisclosed information explaining this change, but pointed to recent strategic developments and market circumstances as potential factors.

NoviqTech's strategic and regulatory outlook

NoviqTech (ASX:NVQ) has responded to an ASX query concerning its recent share price surge, clarifying that no undisclosed information was responsible. The company suggested that its strengthened partnership with Hedera, involving additional HBAR tokens, and expanded collaboration with Global Resource Recovery in the oil and gas sector could be contributing factors. Additionally, increased media coverage on impending climate reporting regulations in Australia may have impacted market activity. NVQ assured its compliance with ASX Listing Rules and confirmed that the board authorized the response. Looking forward, NVQ aims to leverage these strategic partnerships and navigate regulatory changes to drive further growth.

Executive insights from NoviqTech

NoviqTech confirms it is not aware of any undisclosed information that could explain the recent trading activity in its shares. Strategic partnerships with Hedera and Global Resource Recovery, as well as media focus on climate reporting regulations, may have influenced market perceptions.