With a price spike to $0.295 on Wednesday 10 November, from $0.255 on Tuesday 9 November, on substantially increased volume, the ASX has initiated a price and volume query to Ironbark Zinc (ASX: IBG).
The company said it is not aware of any information to explain recent trading in the stock.
Ironbark did state, 'The company continues with its ongoing promotional endeavours.
'To this end, the company is embarking on a series of Investor Roadshows.'
Ironbark said the presentation for the roadshows '... does not contain any information that is not otherwise publicly available.'
Last month Ironbark reported high grade results from the Citronen base metal deposit in Greenland including; 35m at 9.6% zinc+lead from 61 metres, including 21 metres at 14.4% zinc+lead , including 7 metres at 22.3% zinc+lead .
In September, a stunning high grade of; 16 metres at 20.8% zinc, was announced.
The wholly owned Citronen base metal deposit currently hosts in excess of 10 billion pounds of zinc and lead, with a current JORC compliant resource of; 55.8 million tonnes at 6.1% zinc + lead .
The presence on the Ironbark share register of Nystar, the world’s largest zinc refiner with a 31% stake is telling, and takes away significant financing and off take risk - increasing the probability that Citronen will be brought into production.
Ironbark shares have continued to rally in trade towards midday, with the stock up 14% to $0.325.