Sunrise New Energy (NASDAQ:EPOW) Trading Up 7% – Still a Buy?

Sunrise New Energy Co., Ltd. (NASDAQ:EPOWGet Free Report) was up 7% during mid-day trading on Monday . The company traded as high as $0.91 and last traded at $0.89. Approximately 38,264 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 387,456 shares. The stock had previously closed at $0.83.

Sunrise New Energy Price Performance

The stock’s 50-day moving average price is $0.88 and its 200-day moving average price is $0.89.

Sunrise New Energy Company Profile

(Get Free Report)

Sunrise New Energy Co, Ltd. engages in the manufacture and sale of graphite anode material for EVs and other lithium-ion batteries. The company also operates a peer-to-peer knowledge sharing and enterprise service platform business. In addition, it offers education consulting, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, and conference services.

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