Tiger Brokers

LYGEND RESOURCE Surges Over 9% to Record High, Up 344% Year-to-Date as JPMorgan Increases Stake

Deep News
Oct 03

On October 3rd, LYGEND RESOURCE extended its gains, rising over 9% to HK$27.38, reaching a new all-time high. The company's stock has accumulated gains of over 344% since the beginning of this year. As of the latest update, LYGEND RESOURCE was up 9.12%, trading at HK$27.28.

On the news front, according to documents disclosed by the Hong Kong Stock Exchange on October 2nd, JPMorgan Chase & Co. increased its holdings in LYGEND RESOURCE on September 26th by purchasing 2.7162 million H shares at an average on-market price of HK$20.5798 per share and an off-market average price of HK$20.5758 per share, with a combined value of approximately HK$55.8989 million. Following this increase, JPMorgan's total shareholding reached 33.0652 million shares, with its long position ratio rising from 5.51% to 6.00%.

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