Now that Monday’s trading has finished, we have posted an 11%...

Now that Monday’s trading has finished, we have posted an 11% gain on ASX to 7.2 cents. Total volume traded, ASX and Chi-X, was around 640,000 shares, which is more than double the daily average, worth around $45,000.

Quite a healthy day’s trading, with the volume traded having been exceeded only three times in the past three months.

Hard to imagine that the rise could be totally attributed to Von Rico’s excellent out of the square suggestion that CM8 launch a digital influencer campaign to boost CM8’s share price. The company remains mum on how it sees the idea.

No question though that the 11% rise highlights the thin nature of the market in CM8 shares.

Does the rise come ahead of market moving news? We await developments with interest.