RTTNews | Nov 12, 2021 11:24AM EST

11:24 Friday, November 12, 2021 (RTTNews.com) - Chinese e-cigarette brand RLX Technology Inc. (RLX) shares are trading more than 11% higher on Friday morning, in search of a new resistance. There were no corporate announcement on the day to impact the stock movement.

The stock recorded its lowest drop in two months on Thursday. The shares have lost almost 53% of their value in the last 6 months. The primary reason can be the government crackdown on companies that are listed outside the country. The stock is currently trading hands at $5.01, up $0.52 or 11.35 percent since the previous close at $4.49 on a volume of 26,848,878. The shares opened at $5.34 in the morning. In the 52-week period, the shares have ranged between $3.70 and $35.00 per share on average volume of 10,413,360.

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