24/7 Market News Snapshot 16 June, 2025 – Graphjet Technology Class A Ordinary Shares (NASDAQ:GTI)

June 16, 2025

DENVER, Colo., 16 June, 2025 (www.247marketnews.com) – (NASDAQ:GTI) are discussed in this article.
Though the respective share price is currently fluctuating, Graphjet Technology Class A Ordinary Shares (GTI) opened at $0.069 and has seen a notable increase of 16.18%, now trading at $0.088. The trading volume has risen significantly to 52.07 million shares, reflecting an uptick in investor enthusiasm and the potential for further price growth. This upward trajectory aligns with positive market sentiment, possibly fueled by recent developments or speculation among investors.

In conjunction with this movement, Graphjet Technology recently announced that the Nasdaq Stock Market has temporarily stayed the suspension of trading for its Class A Ordinary Shares, pending a review by the Nasdaq Hearing Panel. This update follows a notice indicating non-compliance due to delayed financial report submissions. However, the company is addressing these issues proactively and is committed to ensuring compliance with all necessary regulations.

Graphjet utilizes a patented process that transforms palm kernel shells—byproducts of palm seed oil production—into high-quality graphene and artificial graphite, positioning itself as a leader in sustainable materials. This innovative approach not only recycles agricultural waste but also sets a new benchmark for environmentally-friendly production in the graphite and graphene sectors.

The company is optimistic about its potential for growth as it prepares for a hearing scheduled for July 17, 2025. A spokesperson for Graphjet emphasized the company’s commitment to transparency and accountability in navigating the current situation and reaffirmed their focus on enhancing shareholder value and operational efficiency. As Graphjet Technology continues to innovate, it remains committed to contributing positively to the sustainable materials landscape.

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