Hong Kong brokerage TOP Financial sees stock soar 195%

Shares of TOP, formerly known as Zhong Yang, opened at $7.17, dipping to an early low of $6.53 before soaring to a high of $24 midday, up nearly 260% from the prior day's close. The stock finished the session at $19.79.
The online brokerage did not appear to make any SEC filings this week or release any news.
TOP held a $25M initial public offering in June 2022, pricing shares at $5 apiece. The company changed its name to TOP Financial from Zhong Yang last July.