Today ARU went up by $0.82 or 11.92%, one of the top mover at the TSX, and volume is substantial - with 700+ shares changed hands. Wonder who is doing the buying? Friend of mine called me and said basically every share put out there out was bought up.
I don't know if he exaggerated or not, but with no news at all and we are still under the thread of this 70% windfall tax, this is highly unusual. But then we have seen this before, haven't we all? I would not have my hopes up too high thinking this is the preamble to a hostile takeover.
Anyone out there notice anything unusual?