Burger chain BT Brands more than doubles on strong volumes

BT Brands

24/01/2022 11:54

** Shares of BT Brands Inc  BTBD.O  jump 135% to $5.73
premarket, set to hit a post-IPO high 
    ** About 722k shares swapped hands, 26% of stock's public
shares of 2.1 mln and 1.7x its 10-DMA volume at 6:20 a.m. ET
    ** The firm that operates restaurant chains such as Burger
Time reported Q3 net income of $236,000 on total revenue of 2.28
mln in November
    ** The company has a market capitalization of $15.91 mln,
per Refinitiv
    ** Stock dropped ~30% over the past three trading sessions;
currently tops the volume chart of most actively traded U.S.
stocks
    ** Up to Friday's close, stock down 46% from its market
opening price on Nov. 11

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))