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Addentax Volatility Continues; Stock Jumps 38%

Shares of Addentax Group Corp. (ATXG) are surging over 38% on Thursday morning, as the Chinese logistics service provider volatile trading continues.

ATXG is currently trading at $6.60, up $1.82 or 38.08%, on the Nasdaq.

Addentax Group operates as a logistic service provider in China and the United States. It operates through four segments: Garment Manufacturing, Logistics Services, Property Management and Subleasing, and Epidemic Prevention Supplies.

Addentax closed a $25 million offering and listed its shares to Nasdaq on August 31. The stock has been highly volatile since then, hitting an all-time high of $656.54 during its debut session and an all-time low of $3.81 on September 14.

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