Stock News Spotlight: Color Star Technology Co., Ltd. (NASDAQ:HHT)

Color Star Technology Co., Ltd. (NASDAQ:HHT) stock identified change of 237.30% away from 52-week low price and recently located move of -67.29% off 52-week high price. It has market worth of $30.29M. HHT stock has been recorded -3.32% away from 50 day moving average and 0.60% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.04% off 20-day moving average.

On Sept. 2, 2020, Color Star Technology Co., Ltd. (NASDAQ:HHT) declared that its wholly owned subsidiary, Color China Entertainment Limited (Color China) has officially reached a long-term strategic agreement with the China-Korea Culture and Art Exchange Association in based in Seoul, Korea. In the future, the two parties will leverage each other’s advantages to develop cooperation on online star education, brand promotion, peripheral products, and offline training sites.

Korean entertainment market is renowned for strong foundation to groom top-notch Asian stars and artists. Entertainment industry in Korea is mature and equipped with substantial resources to breed stars. We provide a global online training and education platform for the Korean artists and singers to expand their markets coverage and at the same time, the Company is benefited in its overall brand image and market impact.

Mr. Biao Lu, CEO of Color Star Technology Co., Ltd. comments, it is a fantastic opportunity for Color China to strategically tap on the richly potential and lucrative Korean entertainment market. The profound establishment of the entertainment industry there shall bring tremendous long-term benefits to the company while Korean stars and celebrities will further thrive on our global online platform. Furthermore, stars are carrying along commercially strong peripheral merchandises which will generate meaningful revenues for the company. The Basic Materials sector company, Color Star Technology Co., Ltd. noticed change of -11.02% to $1.05 along volume of 2893535 shares in recent session compared to an average volume of 4.98M. The stock observed return of 29.69% in 5 days trading activity. The stock was at -23.91% over one month performance. HHT’s shares are at 159.32% for the quarter and driving a -62.09% return over the course of the past year and is now at -27.51% since this point in 2018.

The average volatility for the week at 26.80% and for month was at 17.76%. There are 28.85M shares outstanding and 5.55M shares are floated in market.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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