Liuzhou Iron & Steel warns of trading volatility amid surge

Liuzhou Iron & Steel (SSE:601003) has issued a series of announcements addressing abnormal fluctuations in its stock trading. The company's stock has seen significant gains, with closing prices rising by over 20% in a three-day period (June 30-July 2) and then over 33% by July 3 and 46% by July 4, triggering a risk alert regarding the substantial increase in the company's share price in a short time. The company cautioned investors about the potential for irrational speculation, noting its relatively small public float of 16.99%. Management also pointed out the company's high price-to-book ratio of 1.53, compared to the industry average of 0.96.