Code Chain New Continent (NASDAQ:CCNC) Trading Up 7.3% – What’s Next?

Code Chain New Continent Limited (NASDAQ:CCNC) shares were up 7.3% on Thursday . The company traded as high as $4.84 and last traded at $4.73. Approximately 67,619 shares were traded during mid-day trading, an increase of 264% from the average daily volume of 18,580 shares. The stock had previously closed at $4.41.

Code Chain New Continent Price Performance

The firm’s 50 day simple moving average is $5.31 and its 200-day simple moving average is $3.82. The company has a market cap of $8.69 million, a price-to-earnings ratio of -0.98 and a beta of 1.04.

Code Chain New Continent Company Profile

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.