Micron Labs (NA) Shares Drop Over 8% Following Strategic Partnership Announcement

Dec 05, 2024

Micron Labs (NA, Financial) shares fell more than 8%, closing at $11.054. The company announced a strategic partnership with Hashkey Group. Under the agreement, a Micron Labs subsidiary will open a trading account on HashKey Exchange and plans to invest in virtual assets to expand its digital currency portfolio.

The collaboration extends beyond digital asset trading, with plans for joint efforts in Web3 technology development and blockchain ecosystem construction. This partnership aims to drive innovation and development within the Web3 industry.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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