PolarX (ASX:PXX) received a query from the Australian Securities Exchange regarding the recent change in price and increase in trading volume of the company's securities.
In response, PolarX stated they are not aware of any unannounced information that could explain the recent trading.
It mentioned the upcoming Induced Polarisation survey to be conducted across the Humboldt Range Project in Nevada, USA, as a possible explanation.
Following the announcement, shares of PolarX were up 30.77%.