Meten Edtechx Education Group Ltd (NASDAQ:METX) is one of the most active stock losers in the pre-market session.
As of 7.35, METX stock is trading lower by 30 cents or 20.98% to $1.13 in the pre-market session with more than 1.51 million shares have traded hands.
METX Released News in Weekend
Meten EdtechX Announces Proposed Underwritten Public Offering of Ordinary Shares
- announced that it intends to offer ordinary shares for sale to the public in an underwritten public offering (“Offering”). The Company intends to use the net proceeds from this offering for general corporate and working capital needs.
- The ordinary shares are trading on The Nasdaq Capital Market under the symbol “METX.” The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
|SHARES OUTSTANDING||56.87 M|
|SHARE FLOAT (%)||28.50 M (50.10%)|
|% HELD BY INSTITUTIONS||6.35|
Recent Stock Performance
|+/- EMA(20)||1.52 (-5.92%)|
|+/- SMA(50)||1.98 (-27.78%)|
|+/- SMA(200)||3.68 (-61.14%)|
|CCI20||-16.1644||Neutral||Chaikin Money Flow||-0.5936||Sell|
|MACD||-0.1846||Sell||Money Flow Index||82.5244||OverBought|
|STOCH (14,3)||53.0010||Buy||STOCH RSI||1.0000||OverBought|