Railpower stock spike… What’s going on?
Okay, so more than a million shares of Railpower Technologies changes hands today and the stock shoots up more than 28 per cent. But there was no announcement, and apparently the company’s management doesn’t have a clue about the share movement. Sounds fishy…
Let’s just say if a positive announcement does come tomorrow or this week, there’s never been a better reason for the Ontario Securities Commission to investigate a company for insider trading. This is just ridiculous.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca