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Starpharma Holdings Responds to ASX Price Query, No

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Michael Scofield   Monday, 11/17/14 11:05:58 AM
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Starpharma Holdings Responds to ASX Price Query, No New Information
BY NewsBites

— 12:01 AM ET 11/17/2014

AUSTRALIAN COMPANY NEWS BITES

SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE
Starpharma Holdings (SPHRF) responded to an ASX share price query stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its securities. The company confirmed that it is in compliance with the ASX listing rules. In relation to ASX's query regarding earnings, the Company has not provided earnings guidance for the 6 month period ending on 31 December 2014 and notes that, given the phase of development of the Company, it does not consider that a change in earnings would explain the recent trading and there has been no apparent relationship between the share price and the announced earnings. The Company has a strong cash position as previously announced and has recently released a number of positive announcements.
Source: Morningstar (MORN)

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