Why Paranovus (PAVS) Stock Shot Up 54% Overnight?

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Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) closed down 3.55% at $0.30 on Monday and jumped 53.56% in after-hours trading to $0.46. The stock has fallen nearly 100% over the past year, from a 52-week high of $140 to a low of $0.24.

The move comes after the company confirmed in a Form 6-K filing with the U.S. Securities and Exchange Commission that it has ended its sales agreement with A.G.P/Alliance Global Partners, a regional investment and advisory firm registered with the SEC and a FINRA member since 1980, known for wealth management, institutional services, …

Full story available on Benzinga.com

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