Little Nasdaq tech name jumps 3x as traders dig into new filing
3 E Network Technology Group shares surged 210% to close at $4.28 on Nasdaq after interim results showed half-year revenue more than doubled to $3.72 million, but the company swung to a net loss of $209,487. Trading volume topped 132 million shares. Cash fell to $35,284 at year-end, and the company said it will need more capital to fund its plans. Gross margin dropped to 44% as costs rose sharply.