What on earth happened with the Payright (ASX:PYR) share price today?

The Payright Ltd (ASX: PYR) share price certainly had a rather strange day today. Payright shares opened at 97 cents this morning after closing at 96 cents a share yesterday.

But soon after open, investors lit a rocket under the Payright share price, pushing it up to a high of $1.06 (a 10.43% rise). However, the share price subsequently cooled off, but still ended the day at $1.02 a share. That’s a rise of 5.73%.

Since we’re in the middle of the ASX earnings season, you might assume that this sharp bump might be due to Payright reporting its financial results. But you’d be wrong. 

The company last gave a market update on its business back on 15 January. And that was a quarterly business update. Indeed, there has been no…