Home Equities Score Urban Tea Inc. (NASDAQ: MYT) stock fell during pre-market trading session. Here’s...

Urban Tea Inc. (NASDAQ: MYT) stock fell during pre-market trading session. Here’s to know what has happened?

Urban Tea Inc. (NASDAQ: MYT) stock declined by 1.51% at last close whereas the MYT stock price gains by 5.1% in the pre-market trading session. On November 28, 2011, Urban Tea, formerly known as Delta Technology Holdings Ltd and CIS Acquisition Ltd., was registered as a private liability company in the British Virgin Islands. Since November 2018, Urban Tea has been a manufacturer and distributor of specialty tea goods in China (also known as the “PRC”), and we completed the sale of our fine and specialty chemical manufacturing company in April 2019. MYT’s current market consists of specialty tea beverage distribution and retail.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What is happening?

Starting this week, all of Urban Tea’s stores operated by 39 Pu Tea Co. Ltd in China and all of its restaurants managed by Guokui Management Inc. in the United States announced the acceptance of crypto-currency payments, including Bitcoin, Ethereum, and Dogecoin. This is definitely a promising development for urban tea which is most probably the reason behind the rise in MYT share price.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Also Urban Tea has agreed to begin operations in blockchain technology analysis and cryptocurrency mining, as previously reported. Urban Tea’s management plans to use a new subsidiary in China to perform blockchain-based platform and technology research and development, as well as the commercialization of those technologies and cryptocurrency mining.

Urban Tea’s CEO Mr. Xianlong (Jack) Wu commented:

Urban Tea intends to integrate cryptocurrency technology scenarios into consumers’ everyday lives by implementing cryptocurrency payment. MYT expects their crypto mining strategy to be phased in over time, and they are excited about the potential of this new venture for Urban Tea.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

CbdMD Inc. (YCBD) stock gains during after-market, given no recent update

CbdMD Inc. (NASDAQ: YCBD) stock soars by 5.43% in the after-hours trading session. CbdMD, Inc. is one of the most well-known and reputable cannabidiol...

UXIN stock declines during current market trading. What’s driving it low?

Uxin Ltd. (NASDAQ: UXIN) stock declines by 3.41% during current market trading. In China, Uxin Limited is a prominent online used vehicle dealer with...

Synthetic Biologics Inc. (SYN) stock plunged during pre-market. Here’s what you should know?

Synthetic Biologics Inc. (NASDAQ: SYN) stock gained by 8.09% at last close whereas the SYN stock price declines by 0.54% in the pre-market trading....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam