Code Chain New Continent (NASDAQ:CCNC) Shares Up 4.2% – Here’s What Happened

Shares of Code Chain New Continent Limited (NASDAQ:CCNC) were up 4.2% during trading on Wednesday . The stock traded as high as $1.82 and last traded at $1.75. 176,954 shares were traded during mid-day trading, an increase of 852% from the average daily volume of 18,580 shares. The stock had previously closed at $1.68.

Code Chain New Continent Stock Performance

The stock’s 50-day moving average is $1.10 and its two-hundred day moving average is $2.20. The stock has a market cap of $3.21 million, a PE ratio of -0.36 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. 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.