MOXC - Moxian stock continues dizzying rally

Moxian ([[MOXC]] +13.5%) rallies on volume almost triple normal activity to extend on its +1000% YTD gain. Shares ran all the way up to $24.36 earlier in the session. The Chinese firm describes itself as an offline-to-online social media services and Internet media marketing services provider. It is unclear why trader have been bidding it up without much in the way of operating results to latch on to justify the valuation. Moxian is not considered a meme stock for the masses, but could be benefiting from some crowdsourced enthusiasm of its own on a smaller scale. Earlier today: Beyond Meat joins GameStop and AMC as favorite meme stocks on Reddit.

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Moxian stock continues dizzying rally