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Tag: Code Chain New Continent Limited

  • Code Chain New Continent Limited (CCNC) stock surged in the premarket trading session; here’s why

    Code Chain New Continent Limited (CCNC) stock surged in the premarket trading session; here’s why

    In the premarket trading session, at last check, Code Chain New Continent Limited (CCNC) stock had surged by 6.05% to $2.28. CCNC stock previously closed the session at a loss of -20.66% to $2.15. The CCNC stock volume traded 0.95 million shares. In the past week, CCNC shares have shed -27.85%. In the past three and six months, the CCNC stock has shed -56.57%, while and added 31.90%. Furthermore, Code Chain New Continent Limited is currently valued in the market at $79.18 million and has 32.57 million outstanding shares.

    Here’s what you need to know about Code Chain New Continent Limited

    Code Chain New Continent Limited is a Coking Coal business company that trades and operates in The People’s Republic of China. However, may Chinese firms have this characteristic to have diverse and contrasting portfolios in different industries which does not necessarily make it a conglomerate. CCNC stock also works in the mobile gaming industry through its subsidiaries where it specifically focuses on the development of a game called Wuge Manor, an online multiplayer game that has built-in purchases- therefore making it e-commerce based game that has a code chain platform. This code chain platform access is given to players through vendors and business owners and exists in 100 cities within the Republic.

    The coal business and operations involves the mainstream operations of a full-cycle coal business (from processing and storing of stream coal and iron ore to sales and transportation). Along with the coal business, Code Chain New Continent Limited also runs complimentary business of selling coke, steel and construction materials, steel remains as well as machinery parts.

    The CCNC stock also has a business of purchase and selling of electric tokens that are specifically used for the purchase of virtual properties and assets in real estate. Code Chain New Continent Limited was previously known as TMSR Holding Company Limited until May 2020. The headquarter of CCNC is based in Chengdu in China.

    Code Chain’s joint-venture to create a zero carbon crypto-mining platform

    The company has in the start of the month of June announced collaboration with Zhongyou Technology as a joint venture. As the era is in the inception phase of digital currency and cryptocurrency revolution, there is a massive spike in the crypto mining. However, with the mining comes considerable cause of alarm for the environment and climate due to the carbon footprint emission by the mining of cryptocurrency. This joint venture was agreed upon as a goal to establish and develop a carbon neutral and zero-carbon crypto-mining platform. The joint venture company will be known as “Carbon Zero Renewables (Shenzhen) Co. Ltd. The JV company’s current registered capital is $1 million and has contributed 100% in cash by Code Chain and will own 51% of the company while Zhongyou will own 49%. Furthermore, pursuant to the degree, Zhongyou will provide the teams of technical experts and support staff. It will also be responsible for the ownership of the intellectual property rights and know-how.

  • Stocks to Watch as Stimulus Hopes Uplift Markets

    Stocks to Watch as Stimulus Hopes Uplift Markets

    The key indices are all up this morning with the Dow, the NASDAQ, and the S&P 500 all in positive territory. This follows news that there could be a stimulus package before the elections.  Comments by lawmakers over the weekend indicated that a COVID-19 relief could come before November 3rd.

    Elsewhere, President Trump stated that he was aiming for a higher number than what House Speaker Nancy Pelosi had requested, following a move by house democrats to put forth a $2.2 trillion package. Essentially this means that the President was willing to go with a number that is higher than the $1.8 trillion that he had proposed earlier.  This is a positive development for an economy that has been badly by the COVID-19 pandemic.

    As of Saturday, the number of COVID-19 cases had risen to more than 57k. While it was an improvement from earlier figures, it still shows that the virus was still a major burden to the U.S economy. The positive start to the week is also an indicator of optimism in the global economy, following data from China showing that the economy grew by 4.9% in Q4. Riding on this improved sentiment, there are several stocks that are poised to do pretty well in the day. Some pre-market gainers that are headed for a strong day are as below:

    Code Chain New Continent Limited [NASDAQ: CCNC]

    Code Chain New Continent Limited is a top performer pre-market and is up by over 160%. While there are no current news driving stock, a week ago, it emerged that insiders have been loading up on the stock. Over the last 12 months, the company’s Co-Chairman of the Board bought the stock and his single largest purchase was worth $955,000. Normally, insider buying usually points to confidence in a company’s fundamentals. This is driving this stock’s momentum and could be instrumental in its long term value play.

    CHF Solutions Inc [NASDAQ: CHFS]

    CHF Solutions Inc is one of the best performers pre-market and is up by over 2000%. This follows news that data showed that Aquadex Therapy was beneficial in treating heart failure and COVID-19.  This has excited the markets leading to the massive run-up in price.

    Kaixin Auto Holdings [NASDAQ: KXIN]

    Kaixin Auto is a top performer pre-market and is up by over 50%. This stock has no news at the moment. This means it is riding the positive sentiment that has gripped the entire market. It will be an interesting stock to watch in the day.