Jiade Stock Spikes To A Month-High: Retail’s Extremely Bullish
By Stocktwits Inc | First Published Dec 24, 2024, 3:21 PM ISTJiade specializes in supporting adult education institutions
Shares of China-based Jiade Ltd. ($JDZG) rose 2.5% on Monday in the after-hours trading session, sparking retail chatter about a potential turnaround days after it hit a regulatory compliance roadblock.
Jiade, based in Chengdu, China, specializes in providing support services such as grade inquiry, and graduation management data collection to educational institutions.
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The company said recently it received a notice from the Nasdaq Stock Market last week regarding noncompliance with the minimum bid price requirement for continued listing.
According to the company, it has been granted a 180-day compliance period until June 16, 2025, during which it is required to maintain a $1.00 for a minimum of 10 consecutive business days. During this period, Jiade could implement a reverse share split of its outstanding ordinary shares, among other "available options" to regain compliance among other options.
Retail sentiment on the stock turned ‘extremely bullish’ from ‘bearish’ a month ago.
While message volumes climbed to the ‘extremely high’ zone, reflecting growing investor attention on the stock. On Monday message volumes surged 1,386% from a day ago.
The company’s technology services support a range of functions, such as enrollment consultation, student information collection, enrollment status management, learning progress management, grade inquiry, and graduation management
Jiade stock is down 82% year-to-date.
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