Why did it go up so much on Friday Afternoon?9 Jul 2022 23:36
Without any announcement the only reason must be people covering their short positions ahead of something happening next week? That something could be the price going up sharply next week or complete suspension. Either way a short would need to close out their position.
The timing is strange. If they were closing out their short position why do it now, why not wait a few weeks longer, why not wait in case the price goes down?
All of this suggests some sort of upside next week or complete suspension.
The shares are unlikely to be suspended next week unless there is some big event - or maybe the listing authority believe with the boiler room stuff going on then there is a false market in this share and they need to suspend for market abuse.
My money is on upside next week, not on Monday. Shares will drop a bit then, but try Tuesday for an announcement of some kind