Shareholders in little-known defence software contractor ArchTIS finally had something to smile about in mid-June as, after nearly five years of constantly decreasing share prices, the stock was suddenly soaring.
The rise started on June 16. By June 18, it was up 175 per cent. It hadn’t hit those heights since late 2021. In fact, both the price of its shares and the volumes transacted jumped so much over June 16 and 17 that the ASX’s compliance team suspended trading in it.
