TOP Financial Group Ltd TOP shares are trading higher by 38.74% to $9.95 during Monday's session on heavy volume despite a lack of company-specific news.
TOP resumed trading last week following two suspension periods: May 12 to May 25 and May 25 to May 30. The company's shares experienced a significant surge earlier this year, reaching as high as $256 without any company-specific news, surprising investors.
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As per the SEC, trading in TOP securities was temporarily halted due to recent, abnormal and unexplained market activity. This action was taken as concerns arose regarding the sufficiency and accuracy of publicly-available information, given disclosures made about TOP's financial condition and operational scope.
The company is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures and options products.
According to data from Benzinga Pro, TOP has a 52-week high of $256.44 and a 52-week low of $3.50.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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