Synthesis Energy Systems & # 39; stock rockets 13 times in two days

Shares of Synthesis Energy Systems Inc.

SES, + 246.87%

rose 344% on very heavy volume to a 15-month high, and has not shaken 13 times in two sessions. The trading volume was over 26.3 million shares, compared to the full-day average of 1.2 million shares. On Friday, the stock gained 191.7% on the volume of 32.6 million shares, which converts coal, biomass and municipal solid waste into a "clean" synthesis gas and methane announced a deal late Thursday where Australian Future Energy Pty Ltd. would merge into a wholly owned subsidiary of Synthesis Energy. The company also said it offered to buy 1[ads1]00% of the issued capital of Batchfire Resources Pty Ltd. Before the deal was announced, the short interest in Synthesis Energy's stock, or bearish play, represented approximately 83,940 shares, or about 7.3% of the negotiable liquidity. In mid-July, short-term interest rates were around 2,800 shares. The share has now increased 269% the year before, while the S&P 500

SPX, -0.07%

has received 18.5%.