Hitek Global Inc. Ordinary Share is trading at $0.36 (+32.89%) after-hours as the stock stages a sharp reversal from a previous selloff triggered by dilution concerns.
- The recent downward pressure followed an $8 million registered direct offering, which had weighed on shares as traders focused on the impact of added dilution.
- The current price action appears to be a technical rebound from oversold levels, decoupled from broader crypto market trends which remained mixed-to-lower.