The company said DriveMod Kit's manufacturing run started coming off the assembly line in the first half of April. Its shares surged 81% by Thursday afternoon as trading volume soared to more than 177 million shares versus its daily average of about 228,000.
Inozyme Pharma (INZY) shares jumped 17% amid heavy trading after Director Robert Lorne Hopfner bought 1.1 million shares in the company for about $3.9 million.
Almost 649,000 shares of the company traded intraday compared with its daily average volume of over 139,000.
Liberty Oilfield Services (LBRT) narrowed its Q1 net loss by 86% compared with year-ago levels, while revenue grew to $792.8 million, topping forecasts looking for $739.4 million.
CEO Chris Wright also said the company is expecting 10% sequential revenue growth. Shares climbed 1% as trading volume increased to 3.4 million from its daily average of 1.9 million.
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