Code Chain New Continent (NASDAQ:CCNC) Shares Down 5.1% – Here’s What Happened

Code Chain New Continent Limited (NASDAQ:CCNC) dropped 5.1% during trading on Monday . The company traded as low as $1.29 and last traded at $1.29. Approximately 329,323 shares traded hands during trading, an increase of 1,672% from the average session volume of 18,580 shares. The stock had previously closed at $1.36.

Code Chain New Continent Stock Performance

The company has a market capitalization of $2.94 million, a PE ratio of -0.33 and a beta of 1.04. The stock has a fifty day moving average of $1.61 and a 200 day moving average of $1.77.

Code Chain New Continent Company Profile

Code Chain New Continent Limited (NASDAQ: CCNC) is a holding company focused on blockchain technology and digital-asset-related businesses. Its activities have included cryptocurrency mining and the development of blockchain-based technology and services.

The company has also been associated with cryptocurrency mining infrastructure, including the acquisition and deployment of mining equipment and related data-center operations. Its business strategy has centered on expanding its participation in the digital-asset ecosystem as market conditions and regulatory requirements permit.

Code Chain New Continent was formerly known as Wowo Limited before adopting its current name.