Luokung Technology (NASDAQ:LKCO) Shares Up 0.5% – Here’s What Happened

Shares of Luokung Technology Corp. (NASDAQ:LKCOGet Free Report) shot up 0.5% during mid-day trading on Friday . The company traded as high as $2.20 and last traded at $2.16. 18,648 shares were traded during mid-day trading, a decline of 61% from the average session volume of 47,408 shares. The stock had previously closed at $2.15.

Luokung Technology Stock Up 0.5 %

The stock has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $3.33.

Luokung Technology Company Profile

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Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People’s Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.

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