Shares of Singapore-listed commodity trader Noble Group tumbled in Friday afternoon trade after gadfly anonymous researcher Iceberg Research launched another negative report about the company.
Noble shares plunged 20.37 percent by 4:05 p.m. HK/SIN to S$0.215 , following a more than 41 percent rise between Feb. 10 and its last close at S$0.270 on Thursday.
In an emailed response, Iceberg said Noble Group`s claim that an ex-employee was behind the research was an "old story.
In a development that could also be compared with Groundhog Day, Singapore stock traders once again sold off Noble shares in a knee-jerk reaction to the latest report.
In the latest post, titled, "Noble Group: How many times can you fool the same people," Iceberg posted a list of purported previous efforts to find a strategic investor.
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