World news – AU – Börse Live Monday – The9 stock rallies 123%

Sam is a trader and one of our leading equity analysts at AskTraders. Having started his career primarily in the currency markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.

With coronavirus restrictions expected to tighten in Europe (especially the UK), most European indices are closing higher.

« Some analysts are concerned about the company’s over-reliance on its COVID-19 treatment as a future revenue driver, as sales of the drug could drop significantly once the pandemic is under control. ”

Shares of The9 Limited (NASDAQ: NCTY) are up 123% and are currently trading at $ 7. 91 After the company announced it was working with several investors in the cryptocurrency mining industry, including Jianping Kong, former director and co-chair of Canaan Inc. . (Nasdaq: CAN), Qifeng Sun, the former director of Canaan Inc. . , Li Zhang and Enguang Li.

The9 said that investors are expected to use their resources from the cryptocurrency mining industry to help The9 develop the cryptocurrencies mining business. The9 will create a new wholly owned subsidiary, NBTC Limited, to operate the blockchain and cryptocurrency business.

NIO stock should rise on the first day of trading of the year after the company reported a 112. Vehicle deliveries increased by 6% in 2020 compared to 2019.

Whole Story: NIO SHARES RISK AS THE RECORDING OF DELIVERY RECORDS RELEASED FOR DECEMBER, Q4 AND 2020

The US casino powerhouse MGM Resorts International (NYSE: MGM) has an offer of approx. Made 8 USD. $ 1 billion to take over Ladbrokes and Bwin owner Entain (LON: ENT).

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The9, NASDAQ: NCTY, NASDAQ, share, cryptocurrency, term sheet