Chinese small cap MMTec’s stock rallies 9% premarket

Shares of Chinese small cap MMTec Inc.
MTC,
-15.03%
rose 9% in premarket trades Monday. The stock ended Friday’s session down 15%, outpacing the S&P 500 index’s
SPX,
-0.14%
decline of 0.1%. A financial services company mostly focused on investment banking and asset management, MMTec has a market cap of $66.4 million. MMTec is one of a number of small-cap Chinese stocks, such as Hong Kong-based financial services provider Magic Empire Global Ltd.
MEGL,
+9.66%,
that have been attracting attention recently. MMTec relocated its headquarters from Beijing to Hong Kong earlier this year.