Shares of China’s Addentax Group (NASDAQ:ATXG) are soaring in today’s trading. The company provides a number of services including garment manufacturing, logistics, property management, and subleasing as well as supplies for epidemic prevention.
ATXG recently announced an underwritten public offering of 5 million shares at $5 apiece. ATXG shares started trading on NASDAQ on August 31 and have seen extreme price gyrations since.
The stock reached a high of $656.54 on August 31 and has corrected substantially since then trading at $6 levels at present.
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