A day-trader favorite in the U.S. soared in after-hours trading, as investors mistook it for Facebook Inc. following the Internet giant’s rebrand.
After the close of regular trading on Thursday, shares of Canada’s Meta Materials Inc. -- which trades under ticker symbol MMAT -- surged as much as 26%, following a 4.8% gain during market hours. With the rally, the company is worth just about $1.3 billion, a fraction of a percent of the value of the company formerly known as Facebook.
