Global Mofy Metaverse Limited (NASDAQ:GMM) experienced a 3.2% drop in its shares during mid-day trading on Monday. The stock traded as low as $0.39 and closed at $0.41, with a total of 341,817 shares traded. This marks a 66% decline from the average session volume of 1,000,801 shares. The stock’s previous closing price was $0.42.
Global Mofy Metaverse Limited, operating in the People’s Republic of China, offers virtual content production, digital marketing, and digital assets development services for the metaverse industry. The company specializes in visual effect design, content development, production, and integration tailored to meet specific customer needs. It also utilizes its Mofy Lab technology platform to provide 3D rebuilt and artificial intelligence technologies.
The stock’s 50-day moving average price stands at $0.78, while its 200-day moving average price is $0.87.
While Global Mofy Metaverse Limited’s shares experienced a decline during mid-day trading, it is important to note that this information is based on available market data and should not be considered as financial advice. Investors are encouraged to conduct thorough research and analysis before making any investment decisions.