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Chinese garment manufacturer Addentax Group (NASDAQ:ATXGWednesday’s 36% increase in stock of ) came after the stock hit a new 52 week low.
Addetax shares, which were uplisted to Nasdaq last August, opened at $1.59 and reached a total of $2.16 billion. Low of $1.53 during early trading, and high of $2.18 at the end of the day. Stock recently traded for $2.08 around 1:45 PM. ET.
Addentax offered $25M and went on OTC to list its shares. On Aug. 31, shares closed at $656.54 after their Nasdaq debut. After a plunge of 95%, the stock fell to $1.52 per week and continues its downward trend.
Addentax, a Nevada corporation, provides services including garment production, distribution and epidemic prevention supplies.
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