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Copper 360, a junior mining company reviving copper mining in the Northern Cape, has called on the Financial Sector Conduct Authority to investigate the potential manipulation of its share price.
The call comes as Copper 360 has noticed "unusual and uncommercial trades" in its shares, resulting in a substantial drop in its traded price. The trades in question have continued on a systematic and sustained basis for a period of several weeks, the company said in a statement.
Speaking to News24 on Wednesday, Copper 360 CEO Jan Nelson said it was hard to see who was behind the trades.
