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As of 12:30 PM EST, several small cap stocks experienced dramatic price movements as trading continued on Friday afternoon. At the top of the list was Garden Stage Limited as it surged by 102.92% to $0.8969, bringing its market capitalization to $6.91 million.
Conduit Pharmaceuticals Inc. also posted significant gains, rising 126.13% to $3.51, with a market cap of $3.29 million. However in the commercial services sector, MGO Global Inc., climbed 109.89% to $0.3883, pushing its valuation to $1.71 million.
Fitell Corporation experienced a sharp decline, falling 43.64% to $3.54, with a market capitalization of $71.23 million. The stock plunged after the company announced $10 million registered direct offerings. On the other hand, Nikola Corporation also dropped 33.59% to $0.4997, bringing its market cap to $42.21 million. The reports of Nikola Corporation nearing bankruptcy filing has resulted in the stock’s decline on Friday.
Lastly, MDJM LTD recorded an increase of 23.28%, trading at $0.2028, with a market valuation of $3.17 million.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.