Jiuzi (NASDAQ:JZXN) Shares Down 2.5% – Here’s Why

Jiuzi Holdings, Inc. (NASDAQ:JZXNGet Free Report)’s share price traded down 2.5% on Wednesday . The company traded as low as $1.32 and last traded at $1.35. 52,296 shares changed hands during mid-day trading, an increase of 257% from the average session volume of 14,635 shares. The stock had previously closed at $1.38.

Jiuzi Price Performance

The business’s 50-day simple moving average is $1.43 and its two-hundred day simple moving average is $2.96.

About Jiuzi

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Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services.

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