Clive Peeters Shares Climb 40% In 24 Hours

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Clive Peeters shares have climbed 40% during the past 24 hours after the Company was given a clean bill of health by their bankers.

Clive Peeters shares have climbed 40% during the past 24 hours after the Company was given a clean bill of health by their bankers. During the past 4 days the shares have risen from $0.65 to be trading at $0.84 at the close of the ASX on Friday night.

Date

Last

% Change

High

Low

Vol *

05 Dec 2008

0.084

40%

0.084

0.070

683,659

04 Dec 2008

0.060

0%

0.065

0.060

1,765,810

03 Dec 2008

0.060

-25%

0.075

0.060

886,000

02 Dec 2008

0.080

0%

0.086

0.080

237,500

01 Dec 2008

0.080

23.08%

0.082

0.077

1,372,300

 

  In an exclusive story earlier in the week ChannelNews reported that two major investors are set to start buying up shares in the troubled retailers following a major appraisal of the Company by the National Australia Bank several suppliers who are owed millions and several investors who are looking to take a position in the Company.

All are believed to have given the Company a tick of approval after presentations of the Companies future business plans by CEO Greg Smith.

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