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Why Ebang International Hldgs's Stock is Up During Today's Session

February 25, 2021 10:20 am
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The Price And Volume Action In Ebang International Hldgs's Stock Today

Ebang International Hldgs's (NASDAQ:EBON) stock is trading up 12.43% to a price of $8.52. Thursday the stock has been traded at a volume of 8.73 million, about 46.22% of its recent 30-day volume average of 18.88 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Ebang International shares are trading higher after the company announced it will launch a Litecoin and Dogecoin mining business.

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $5.9 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $14.95 and as low as $3.81.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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