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Golden Solar Training inventory craters, hitting new all-time low (NASDAQ:GSUN)

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Chinese language tutoring providers supplier Golden Solar Training (NASDAQ:GSUN) inventory cratered in afternoon buying and selling, falling to a brand new all-time low.

Golden Solar shares opened at $4.21, climbing to a excessive of $4.23 earlier than plunging to an new 52-week low of $2.21 in late afternoon. The inventory not too long ago modified palms at $2.33, down 46%, at round 3:30 p.m. ET.

Golden Solar held an $18M preliminary public providing on June 22, providing 4.4M shares priced at $4 per share. The inventory reached a 52-week excessive of $95 on Aug. 19, however has been trending downward since late September.

In October, Chinese language training shares sank amid considerations that not too long ago re-elected Chinese language President Xi Jinping would transfer to crack down on the sector for fomenting social inequity.

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