Smartkem retreats sharply day after record surge
03/09/2025 11:39
** Shares of electronics firm Smartkem SMTK.O fall 22% to $1.13 premarket, just a day after notching 72% in their biggest single-day gain ever ** On Tuesday, co said it had engaged an advisory firm to explore strategic alternatives, triggering a buying frenzy and fueling retail investor optimism ** SMTK's price rose above $1 for the first time since July ** Small-cap stocks often surrender some of their gains following a sharp, retail-driven rally as momentum subsides ** Stock has lost half of its value so far this year (Reporting by Niket Nishant in Bengaluru) ((Niket.Nishant@thomsonreuters.com))