RTTNews | Jul 12, 2021 10:43AM EDT

10:42 Monday, July 12, 2021 (RTTNews.com) - Chinese fintech company of cooling and sheathing systems SGOCO Group, Ltd (SGOC) shares rocket 122% as the market opened on Monday. However, there has been no stock-specific news today to base the rise.

The stock of SGOC have shown signs of massive rises in the near past as well when it started to trade over 500% higher on Friday. According to reports, these sudden movements can be powered by social platforms like Reddit.

The shares of the company are currently $21.76, up $11.97 or 122.27% from its previous close at $9.79. The shares opened at $17.01 in the morning and in the 52-week period, the shares have moved between $0.77 and $25.42.

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