Why Is Meten EdtechX Education Stock Surging Higher Today?

Meten EdtechX Education METX shares are trading higher after the company reported the gross billing and student enrollment of its junior ELT business increased by 485% and 483% respectively in the first quarter.

"The figures confirm that the company has returned to its pre-pandemic rapid growth trajectory," the company said in a press release.

Meten EdtechX Education Group Ltd provides English language and future skills training to Chinese students and professionals through a digital platform and network of learning centers.

The stock was trading 36% higher to $2.28 at the time of writing. The stock has a 52-week high of $13.03 and a 52-week low of $1.52.

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