EARTH-IFEC Sink to the Bottom from a Huge Selloff on the 1st Day of Temporary Trading!

In the first day of temporary trading for suspended securities in both SET and mai, the most anticipated shares would be none other than Energy Earth Public Company Limited (EARTH) and Inter Far East Energy Corporation Public Company Limited (IFEC).

The share price of EARTH was at ฿1.46/share on June 14, 2017, before being suspended. The share price on the first temporary trading day was at ฿0.36/share at the open.

As for IFEC’s share price. The price was at ฿3.10/share on January 11, 2017, before being suspended. The share price on the first temporary trading day was at ฿0.21/share at the open.

There will not be any floor or ceiling on the first temporary trading day.

 

EARTH and IFEC both filed a complaint to SET and SEC before the starting of temporary trade, asserting that the company was nearly able to resume the trade and the temporary trading would have negativity on the share price.

Mr. Thavich Taychanavakul, Chairman and Chief Executive Officer of Inter Far East Energy Corporation Public Company Limited (IFEC), has made a statement regarding the worry of a temporary trading measurement from SET that as one of IFEC’s number one major shareholder he will not sell any of his shares during the time.