SMX Stock Climbs Over 38% After-Hours: What's Going On?

SMX (Security Matters) PLC (NASDAQ:SMX) shares surged 38.47% to $8.53 in after-hours trading on Thursday. trueGold Platform Puts Identity Inside the Metal On Thursday, the Dublin-based technology company, which provides molecular marking and blockchain-enabled traceability solutions, announced that its trueGold platform can embed an invisible molecular marker in gold. The marker creates a tamper-resistant identity linked to a digital record of origin and chain of custody. The identity is designed to stay with the metal through refining, melting, recasting, vaulting and resale, SMX said. The company said gold has surged amid concerns over U.S. debt, bond-market stability, the dollar and geopolitical risk. As the price of physical gold rises, SMX said, knowing what the metal is and where it came from becomes more important. ‘Made in America’ Claims Get a Proof Layer SMX also said its technology can make “Made in America” claims provable. Instead of relying only on labels, paperwork or supplier declarations, the company said it can mark materials at the molecular level and link them to secure digital records. SMX said U.S. manufacturers face pressure to localize supply chains, manage costs and meet compliance demands. Its Digital Material Passport platform, which attaches a digital record to a physical material, is designed to carry that information through manufacturing, recycling and resale. Trading Metrics, Technical Analysis SMX (Security Matters) PLC has a market capitalization of about $6.71 million. Over the past 52 weeks, its stock has traded as high as $109,340.74 and as low as $6.15. The company has approximately 1.09 million shares outstanding. SMX has a Relative Strength Index (RSI) of 23.59. Over the past 12 months, the stock has fallen 99.98%. Currently, SMX is trading extremely close to its annual low. Price Action: In the regular session, the stock closed at $6.16, down 6.81%, according to Benzinga Pro data. Benzinga’s Edge Stock Rankings indicate that SMX stock has a negative price trend across all time frames. See More: Top Value Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: Gumbariya On Shutterstock.com