NFT Ltd. Ends Week with Another High-Volume Day

Dow Jones
1 hour ago

1526 ET - Hong Kong-based NFT Ltd. is small in size but ranks high for statistics like recent trading halts. The company formerly known as Takung Art operates an art sale platform and is exploring sectors including NFT gaming. After posting five-digit trading volume for most of September, shares become more active. On Monday, the stock rose 683% to $7 and the company said it was "not aware of any undisclosed information or business development that it believes would account for the trading activity." Shares fell 82% Tuesday. The week included three announcements of registered direct offerings, three trading halts for news pending and several brief pauses due to volatility. Friday's volume recently topped 41 million, below Monday's 166.9 million but above Tuesday-through-Thursday figures.

 

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