Radiance Holdings' stock surged 5.37% intraday on Tuesday, continuing its pattern of extreme volatility.

The movement appears to be driven by ongoing speculative activity, as the stock has been rebounding dramatically after hitting an all-time low last week. This rally is occurring despite weak fundamental performance, with the company reporting a 42.69% decline in full-year revenue to 14.194 billion yuan and losses attributable to shareholders reaching 6.919 billion yuan.

Adding to the uncertainty, Ernst & Young announced its resignation as the company's auditor, declining to seek reappointment for the fiscal year. The property developer's shares have shown significant intraday swings recently, with cumulative gains exceeding 400% over some trading sessions amid heavy speculative trading.