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 editor-in-chief of Corporate Knights magazine and a business 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 clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.
October 17th, 2006 at 4:15 am
How does hybrid technology improve the efficiency of rail cars?
It helps recharge from all the stop & go?
The whole idea sounds fishy.