Group 1 - JX Luxventure (NASDAQ:JXJT) stock is experiencing a significant increase in trading volume, with over 11.6 million shares traded compared to a daily average of about 6,000 shares [1] - The stock price has surged by 380.2% as of Thursday morning, despite the absence of any clear news from the company [2] - JXJT is classified as a penny stock, with a prior closing price of 7.397 million [1][2] Group 2 - The volatility of Chinese stocks has been noted, which may contribute to the current trading activity of JXJT [1] - Penny stocks like JXJT are often targeted by retail traders for manipulation, making them susceptible to rapid price changes [2] - The low trading volume and market cap of JXJT raise concerns about potential pump and dump schemes [2]
Why Is JX Luxventure (JXJT) Stock Up 380% Today?