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Leishen Energy Stock (LSE) Surges 75% as Share Lock-Up Period Expires
Leishen Energy Stock (LSE) Surges 75% as Share Lock-Up Period Expires
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Leishen Energy (LSE) shares skyrocketed 77.66% on Wednesday following the expiration of a six-month lock-up period for insiders and major stakeholders. The renewable energy firm's stock, now trading at levels 14.43% higher year-to-date, saw unprecedented volume with 11 million shares changing hands—dwarfing the three-month daily average of 10,420 units.
The surge reflects pent-up market demand rather than fundamental developments. Directors, officers, and 5%+ shareholders had been restricted from trading since December 18, 2024 under the lock-up agreement. Such post-lockup rallies often signal strong institutional confidence in a company's long-term prospects.
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