Ebang International (NASDAQ:EBON) Trading Up 1.3% – Still a Buy?

Ebang International Holdings Inc. (NASDAQ:EBONGet Free Report)’s stock price shot up 1.3% during trading on Tuesday . The stock traded as high as $5.91 and last traded at $5.57. 3,589 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 25,335 shares. The stock had previously closed at $5.50.

Ebang International Stock Performance

The business’s 50 day moving average price is $6.74 and its two-hundred day moving average price is $6.42.

About Ebang International

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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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