Meten Edtechx Education Group Ltd (NASDAQ:METX) stock is soaring in the pre-market session on Thursday, extending its weekly gain. The stock is up by another 25% at $1.55 in the pre-market session followed by a 15% gain earlier this week.
This morning, the company announced that the gross billing and student enrollment of its junior ELT business increased by 1,910.4% and 758.1% respectively in April 2021 compared to the same period of last year. The gross billing and student enrollment increased by 100.6% and 31.0% respectively compared to April 2019.
In the first four months of 2021, the gross billing of the Company’s junior ELT business increased by 473.8% year over year and gained a 128.6% growth compared with the same period in 2019. The figures confirm that the Company has returned to its pre-pandemic rapid growth trajectory.