Code Chain New Continent (NASDAQ:CCNC) Trading 2.6% Higher – Still a Buy?

Shares of Code Chain New Continent Limited (NASDAQ:CCNCGet Free Report) were up 2.6% during mid-day trading on Wednesday . The company traded as high as $1.62 and last traded at $1.56. 161,922 shares traded hands during trading, an increase of 771% from the average daily volume of 18,580 shares. The stock had previously closed at $1.52.

Code Chain New Continent Trading Up 2.6%

The stock has a market capitalization of $2.87 million, a P/E ratio of -0.32 and a beta of 1.04. The business has a fifty day simple moving average of $0.63 and a 200 day simple moving average of $2.53.

Code Chain New Continent Company Profile

(Get Free Report)

Code Chain New Continent Limited, through its subsidiaries, focuses on research, development, and application of Internet of Things (IoT) and electronic token digital door signs. It creates digital door signs which is the digitalization of a physical store by means of animation and other technical services; and offers electronic tokens, that are used for purchasing virtual real estate properties. The company also offers Wuge Manor, a game that combines Internet of Things and e-commerce based on code chain platform that provides players with access to vendors and business owners in approximately 100 cities in China.

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