Next eGO (NASDAQ:EGOX) stock is soaring higher on Monday alongside heavy trading of the electric vehicle (EV) company’s shares.
This has more than 61 million shares of EGOX stock changing hands during pre-market hours on Monday. That’s a massive surge in trading volume compared to Next eGO’s daily average of about 2.7 million shares.
The rise in price for EGOX stock today comes without any clear news from the company. That includes a lack of press releases or filings with the U.S. Securities and Exchange Commission (SEC).
What to Know About EGOX Stock
Next eGO only recently went public with its initial offering taking place in October 2023. Since then, the company has run into all sorts of trouble that has put its listing in question.
This includes the company receiving a delisting notice from Nasdaq in December. That notice came as the company’s shares were trading below the minimum bid price. Its shares are still below that price and it has until June 10, 2024 to change that.
However, that’s unlikely to happen considering other news that has come from the company. Earlier this month, the company warned investors that it plans to start insolvency proceedings in the short term.
EGOX stock is up 86.3% as of Monday morning.
Investors looking for more of the most recent stock market stories are in luck!
We have all of the hottest stock market news worth reading about on Monday! That includes the biggest pre-market stock movers this morning as well as all of the latest earnings reports today. All of that info is ready to go at the links below!
More Monday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- UG Stock Earnings: United-Guardian Reported Results for Q4 2023
- CULL Stock Earnings: Cullman Bancorp Reported Results for Q4 2023
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
