Stock Alert: Datasea Shares Soar 53% In Pre-Market
Shares of Datasea Inc. (DTSS) are surging over 53% in pre-market today, after the technology company announced that its wholly-owned subsidiary, Guozhong Times (Beijing) Technology Ltd. has received 31 purchase orders from 9 development and construction companies in Mingguang City for customized hardware and software solutions to slow the spread of COVID-19 in specific areas.
As of March 31, 2020, Guozhong Times has received another 2 purchase orders from Dingyuan County and Fuding City respectively. Datasea noted that its systems sold in these orders would be utilized in 33 public places, including campuses, shopping malls, scenic areas, residential areas, and factory areas.
The total value of the 33 agreements is $84,000 (RMB 596,520). Pursuant to the purchase orders, customers shall pay the full amount within 15 days after the purchase order is signed. As of March 31, 2020, Guozhong Times has received $69,500 (RMB493,500).
The stock has been trading between $0.77 and $7.39 in the past one year, and closed Tuesday’s trade at $1.78, down 9 cents or 4.81%. DTSS is currently trading at $2.74, up $.096 or 53.93% in the pre-market trading session.
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