Epsium Enterprise (EPSM) said Wednesday that the recent volatility in its share price is not due to any amendments in its business fundamentals, financial performance, or any undisclosed material developments.

The company's operations "remain stable" and its supply chain and distribution channels continue to remain unaffected, it said, adding that there are no corporate events or operational developments that would result in "unusual price fluctuations."

Epsium said it also reaffirms that its guidance and long-term strategic objectives are "consistent" with its prior reporting.

Epsium's shares were down 59% in recent Wednesday premarket activity, while closing 411% higher on Tuesday.