(MarketWatch) Shares of Lytus Technologies Holdings fell more than 11% on Wednesday, extending the losses after diving another 86% the previous day.
Reports indicate that there was no trigger for the stock volatility or major releases by the company.
Around 5.6 million shares were traded as of 12:16 p.m. EDT on Tuesday, significantly higher than the company’s 65-day average volume of 180,628 shares.
The volatile stock trading forced a pause in the trading of the stock. The stock was trading at around $7.00 at press time, a steep fall from $20 when the Mumbai-based tech firm started trading earlier in the month after IPO.
LYT: NASDAQ is down 11.13% in premarket.
