Knorex Ltd. (KNRX), a micro-cap player in the ad-tech space, saw its stock rocket over 170% Thursday following the launch of its latest agentic AI-ready ads API.

• KNRX stock is soaring. See the chart and price action here. 

The Catalyst

The catalyst for the explosive move is Knorex's API designed specifically for the era of agentic AI and automates workflows across Meta Ads, Google Ads, LinkedIn Ads and TikTok Ads.

Unlike traditional programmatic tools, Knorex said its new API powers cross-channel automation. The company confirmed that the technology is already being deployed by three strategic partners across the U.S. and Southeast Asia, signaling immediate commercial viability.

Low Float Meets Massive Demand

The technical setup for Thursday's price action was a perfect storm for a massive squeeze. Knorex operates with a remarkably low float—approximately 17.8 million shares, according to Benzinga Pro, with a significant portion held by insiders and early investors following its late-2025 IPO.

When the news hit the wires this morning, a tidal wave of demand crashed into this limited supply of shares. The results were staggering:

Volume Explosion: Trading volume has surged to over 44 million shares by midday, an astronomical increase compared to its typical daily average of roughly 37.500 shares.

Price Velocity: The stock, which touched an all-time low of 75 cents just last week, hit a session high of $3.45 before consolidating near the $2.30 mark, according to Benzinga Pro data.

Rocket Chasers Beware 

For investors, Thursday’s move in KNRX serves as a reminder of how quickly sentiment can shift when a low-float tech stock finds a news catalyst. 

As the market closes in in the afternoon session, all eyes remain on whether KNRX can hold the gains or if the trend reverses as traders take profits off the table. 

Photo: Marut Studio / Shutterstock

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