Jiuzi (JZXN) Stock Turns Volatile After Sharp Jump in Opening Market

Graph for last 5 days shows Jiuzi Holdings Company’s rapid progression in 1 day. For 4 days, the stock did not move anywhere, but everything changed on June 3. On this day, it rose sharply by 35%. However, unfortunately, now the stock is going down to $11.00.

Jiuzi (JZXN) Stock Turns Volatile After Sharp Jump in Opening Market

Jiuzi Holdings is a Chinese organization that operates retail establishments under the brand Jiuzi since the beginning. The company has 31 franchise locations and a single company-owned store in China’s third-fourth tier cities. Throughout the year, the firm grew steadily from 8.41 to 11.05 percent.

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Jiuzi Holdings stated today that it’s first public offering of 5,200,000 ordinary shares, priced at US$5.00 per share, had closed. Before deducting underwriting discounts and other relevant expenses, the Company received gross proceeds of US$ 26 million from this Offering

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.