Jupiter blames "day traders" for 17,000% share price rise

LITTLE-known oil and gas producer Jupiter Energy published its response to an ASX price query this morning, after its share price rocketed 17,000% about a week ago for no apparent reason.

Jupiter blames "day traders" for 17,000% share price rise Jupiter blames "day traders" for 17,000% share price rise Jupiter blames "day traders" for 17,000% share price rise Jupiter blames "day traders" for 17,000% share price rise Jupiter blames "day traders" for 17,000% share price rise

 

Jupiter's share price was 0.2 cents on Tuesday a fortnight ago, however by Thursday that week, it had risen to 34.5 cents, roughly a 17,000% increase.