Antelope Enterprise Holdings Limited (NASDAQ:AEHL) shares are trending on Tuesday night.
Shares of the company, which provides livestreaming e-commerce, business management and information systems consulting services in China, surged 150.88% to $21.45 in after-hours trading on Tuesday.
The surge in the regular trading session followed an intraday decline of 7.77%, with the stock closing at $8.55, according to Benzinga Pro data.
AEHL Stock Sees Elevated Trading Volume
AEHL experienced elevated trading activity on Tuesday. Trading volume reached 3.38 million shares, approximately 1.15 times its average trading volume of 2.93 million shares.
Earlier in October, Antelope Enterprise Holdings announced that it had signed an at-the-market issuance sales agreement with D. Boral Capital LLC, which will act as the company’s sales agent or principal. Under the agreement, the company can offer and sell securities worth up to $100 million in total.
An at-the-market offering allows a company to sell securities in the market over time. Depending on the terms of the offering and how it is carried out, issuing additional shares could dilute existing shareholders’ ownership.
Trading Metrics, Technical Analysis
Antelope Enterprise Holdings has a market capitalization of about $162.58 million. Over the past 52 weeks, its stock has traded as high as $418.08 and as low as $2.98. The company has approximately 16.46 million shares outstanding.
AEHL has a Relative Strength Index (RSI) of 47.50.
Over the past 12 months, the small-cap stock has fallen 97.81%.
AEHL is currently trading near its yearly low.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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