What In The World Is Going On With TOP Financial Group Stock Exploding 600% Higher

TOP Financial Group Ltd TOP shares are trading higher by 415% to $103 Friday afternoon on heavy volume despite a lack of company-specific news.

So What's Up?

TOP Financial Group around 2pm EDT stated in an SEC filing it is aware of recent stock movement and cautions its investors to rely solely on press releases issued by the company and company’s annual report and other filings with the U.S. SEC.

TOP Financial Group stock is rising on heavy volume Friday with 5.8 million shares traded, over 6x the trailing 100-day volume of 899k shares.

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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.