Code Chain New Continent (NASDAQ:CCNC) Stock Price Up 1.6% – Should You Buy?

Code Chain New Continent Limited (NASDAQ:CCNC)’s stock price shot up 1.6% during mid-day trading on Wednesday. The stock traded as high as $1.28 and last traded at $1.24. 73,048 shares were traded during trading, an increase of 293% from the average daily volume of 18,580 shares. The stock had previously closed at $1.22.

Code Chain New Continent Trading Up 1.6%

The firm has a 50 day moving average of $1.35 and a 200-day moving average of $2.04. The company has a market cap of $2.28 million, a P/E ratio of -0.26 and a beta of 1.04.

Code Chain New Continent Company Profile

Code Chain New Continent Limited (NASDAQ: CCNC) is a technology company that has focused on blockchain-related businesses and digital assets. Its activities have included cryptocurrency mining, digital-asset management and the development of blockchain infrastructure and applications.

The company was formerly known as Wecast Network, Inc and adopted the Code Chain New Continent name as its business strategy shifted toward blockchain and cryptocurrency-related opportunities. Publicly available information about its current operating activities, products and geographic reach is limited.

Code Chain New Continent has been associated primarily with operations in China and has reported pursuing additional blockchain and digital-asset initiatives.