Shares of Chinese e-vapor company RLX Technology Inc. (RLX) are up more than 10 percent during trading on Thursday despite there being no company announcement or specific news to influence the stock movement.
Late last month, the company reported fourth-quarter earnings of $0.05 or RMB 0.292 per share, compared to a loss of RMB 0.029 per share in the year-ago quarter. Analysts had expected the company to report earnings of $0.04 per share for the period.
Revenues came in at $248 million or RMB 1.62 billion during the quarter.
The stock was trading at $10.85, up $0.97 or 9.77%, on the NYSE.
The company stock has traded between $7.89 and $35 since its IPO in January.
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