On Tuesday, Color Star Technology Co., Ltd. (NASDAQ: ADD) experienced a 2.6% decline in share price, reaching a low of $0.24 and closing at $0.25. This was a decrease of 66% from the average daily volume of 185,744 shares. Despite closing at $0.26 on the previous trading day, the stock’s fifty-day simple moving average remains at $0.23 while its two-hundred day simple moving average is now at $0.28.
Color Star Technology is an entertainment and education company that operates in the United States and China. The company provides online entertainment performances and music education services through its Color World platform, which offers a wide range of curriculum including music, sports, animation, painting and calligraphy, film and television, and life skills.
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