Addentax shares opened at $29.53 before sliding.
On Wednesday, Addentax uplisted its shares from the OTC market and offered 5M shares at $5 apiece. The shares were halted several times for volatility, eventually eventually closing at $656.54, up 8,654% from Tuesday's OTC close of $7.50.
The shares reversed course on Thursday, plunging 95% to close at $30.
Incorporated in Nevada, Addentax operates primarily through subsidiaries in China, providing services such as garment manufacturing, epidemic prevention supplies manufacturing and distribution, logistics and property management. The company is headquartered in Shenzhen, China.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments