New Delhi, Aug. 19 -- A little-known loss-making Australian firm became the talk of the market when its shares surged dramatically in trade on Monday, prompting the exchange to impose a trading halt. The stock in question is Kaili Resources - a rare earth miner.

During the stock market session on Monday, August 18, Kaili Resources shares surged a whopping 8,733% or 88 times to the day's high of $3.18 as against its last closing price of $0.360.

To put it in perspective, an investment of around $11,000 would have turned into $1 million in a span of a day in Kaili Resources.

Monday's peak also marked the 52-week high for the stock. Meanwhile, its 52-week low stands at $0.0060.

In its response to the Australian stock exchange, Kaili's ma...