Ebang International (NASDAQ:EBON) Shares Down 9.9% – Here’s Why

Ebang International Holdings Inc. (NASDAQ:EBONGet Free Report) traded down 9.9% on Tuesday . The stock traded as low as $6.86 and last traded at $7.02. 125,188 shares traded hands during mid-day trading, an increase of 303% from the average session volume of 31,062 shares. The stock had previously closed at $7.79.

Ebang International Stock Down 9.9 %

The company has a 50-day simple moving average of $6.39 and a two-hundred day simple moving average of $6.67.

Ebang International Company Profile

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Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.

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