Genius Group (NYSE:GNS) stock rallied for the second day in a row Friday in the wake of information that it was rolling out a plan to crack down on suspected manipulation of its unusual shares.

Shares of the Singapore-based edtech opened at $5.07, reaching a excessive of $5.19 in early buying and selling earlier than sliding to a low of $2.77 in late morning. The stock just lately modified palms at $3.27, up 60% from Thursday’s shut, at round 1:45 p.m. ET.

Genius stock, which had been buying and selling beneath a $1 since early November, soared almost 300% Thursday to shut at $2.09.

Earlier Thursday, Genius stated that it was rolling out a multi-faceted plan to battle suspected illegal short-selling of its shares. The plan requires the issuance of a particular dividend to assist smoke out doable manipulators and will embrace a reverse stock break up, stock buyback and/or twin itemizing.

Genius shares have been extremely unstable since they debuted on April 12 following a $23M preliminary public providing. The stock hit a 52-week excessive of $36.75 on April 12 and a 52-week low of $0.30 on Jan. 3.

On Friday, e-bike maker Helbiz (HLBZ) introduced it was following Genius’s main and launching an investigation into suspected illegal quick promoting of its shares, which it believes could have artificially depressed its stock.