Shares of Earlyworks Co. Ltd. skyrocketed in very active trading Wednesday, after the blockchain-technology company’s co-founders disclosed increased ownership stakes.
The Tokyo-based company’s stock ELWS blasted 416.5% higher toward a seven-month high in morning trading. Volume ballooned to 36.5 million shares, enough to make the stock the most actively traded on major U.S. exchanges. The full-day average volume over the past 30 days was about 323,300 shares.
The…
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