Listed tourism operator Tourism Holdings says it is not in breach of any market rules despite a 39 per cent rise in its share price over the past week.
The campervan manufacturer and rental company, which owns tourist attraction Waitomo Caves, was yesterday forced to respond to a share price inquiry from the NZX.
NZX regulation business leader Garth Stanish wrote to the company noting its share price had traded as high as 64c - an increase of 18c a share from the market close on July 27.
Stanish said NZX was concerned more than 550,000 shares traded yesterday - a significant increase from the usual level.
"Given this price and volume movement, please immediately advise NZX whether THL continues to comply with listing rule 10.1.1."
THL chief financial officer Ian Lewington confirmed the firm was in compliance on continuous disclosure.
The share price closed yesterday at 58c, up 6c. THL's annual results are due on August 26.
THL: No breach of rules
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