Shares slumped 34% as intraday trading volume soared to over 73.1 million from a daily average of about 8.5 million.

Cemtrex (CETX) reported Tuesday a definitive agreement for the purchase of about 800,000 shares and/or pre-funded warrants by a single institutional investor at $2.50 per share, with gross proceeds expected to be $2 million.

Shares sank 15% following an increase in intraday trading volume to over 15.6 million from a daily average of about 3.1 million.

Price: 1.54, Change: -0.75, Percent Change: -32.82

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