Code Chain New Continent (NASDAQ:CCNC) Stock Price Up 5.8% – Here’s Why

Code Chain New Continent Limited (NASDAQ:CCNC)’s share price traded up 5.8% on Wednesday . The stock traded as high as $5.52 and last traded at $5.29. 85,532 shares changed hands during mid-day trading, an increase of 360% from the average session volume of 18,580 shares. The stock had previously closed at $5.00.

Code Chain New Continent Price Performance

The stock has a market capitalization of $9.72 million, a P/E ratio of -1.10 and a beta of 1.04. The stock has a 50 day moving average price of $4.46 and a 200-day moving average price of $4.44.

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.