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Risks Still Elevated At These Prices As Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares Dive 46%
REMT: SUPPLEMENTAL ANNOUNCEMENT TO ANNUAL REPORT AND UPDATE ON USE OF PROCEEDS
HKEX News: Remt (00601) continues to fall nearly 17%, already halved compared to June's high point. There are clear signs of manipulation in the company's stock price in June.
Zhixun Finance APP learned that REMT (00601) fell nearly 17% again, halved from the high point of HKD 0.166 in June. As of press time, it fell by 13.68% to HKD 0.082, with a turnover of HKD 0.4695 million. It is reported that REMT is a leading enterprise in the field of rare earth magnesium alloy new materials. The group takes the application of rare earth technology as the core and carries out research, development, production and sales of new materials rare earth magnesium alloy series products. In recent years, the company's revenue has continued to decline, and its profit performance has fluctuated. Among them, in 2023, the company achieved a revenue of HKD 0.263 billion, a significant decrease of 31.4%. A loss of 4.2 occurred within the period.
Hong Kong Stock Market Unexpected | Remt (00601) surged and fell by more than 8%, with an amplitude of nearly 30%. Baishan Tian An assets will be publicly sold.
REM Technology (00601) surged more than 48% yesterday and continued to rise in early trading today, with a peak increase of more than 17%. Subsequently, the stock price fell back and turned down more than 8%. As of press time, the stock fell 8% to HKD 0.115 with a turnover of HKD 2.9777 million, and the amplitude has approached 30%.
Trending Stocks Today: REMT Soars 47.61%
Assets of REMT's Unit Scheduled for Realization Auction by Chinese Court
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