The Canadian Investment Regulatory Organization (CIRO) ordered a trading halt to Xanadu ($XNDU) stock late Wednesday morning after the recently public company saw its share price briefly spike more than 60 percent.

CIRO said in a statement that the temporary halt was issued due to a “single stock circuit breaker,” which occurs when an individual stock price moves more than 10 percent within a five-minute period during a set time during the trading day. The halt is intended to mitigate volatility and foster investor confidence in a fair market. Trading quickly resumed a few minutes later. 

Xanadu saw its share price…