Hot stock: Metal Component Engineering surges as much as 69% on high volume

SHARES of Metal Component Engineering (MCE) surged shortly after the market opened on Thursday. The counter jumped 69.2 per cent or 1.4 Singapore cents to an intraday high of 4.4 cents as at 9.44am. Shares closed at 3.8 Singapore cents, up 1.2 cents or 46.15 per cent on Thursday.

According to Shareinvestor data, no married deals were recorded in early trade.

MCE announced its full-year results for the financial year ended Dec 31 2020 on Feb 26. The Catalist-listed metal stamping company posted a net loss of S$2 million for the full year, sinking into the red from a net profit of S$202,000 for the same period a year earlier. This resulted in a loss per share of 0.52 cent for FY2020, compared with earnings per share of 0.05 cent a year ago.