LONDON — Shares of Britain’s Metro Bank went through a rollercoaster ride in the stock market on Thursday, with trading being temporarily suspended twice. During this volatile session, the stock witnessed a significant drop of over 29% from its previous day’s closing price.

However, a slight recovery has been observed since then.

The decision to halt trading came in response to reports indicating that the bank was seeking to raise £600 million ($727 million) in a combination of debt and equity, as reported by Reuters.

Please note that this is a rapidly developing news story and is continuously being updated.