Shares in Dunedin oral health probiotic manufacturer Blis Technologies have more than doubled in less than two weeks and daily trading volumes are up into the millions.
During the past nine days, Blis shares had risen from 1.3c to 2.9c, after it announced successful capital raisings totalling more than $3.6 million and a new offshore partnership with the subsidiary of a large Chinese pharmaceutical company.
Craigs Investment partners broker Peter McIntyre said daily trading volumes during October were around 200,000 to 300,000 shares, but they had increased from 4 million in recent days to more than 6 million yesterday.
''The good news on its capital raising and having a strategic plan has seen its liquidity [share trades] improve hugely,'' he said.
