China Literature (OTCMKTS:CHLLF) Trading Down 95.6%

China Literature Limited (OTCMKTS:CHLLF)’s share price traded down 95.6% on Friday . The company traded as low as $0.28 and last traded at $0.28, 492 shares traded hands during trading. A decline of 58% from the average session volume of 1,160 shares. The stock had previously closed at $6.40.

Separately, JPMorgan Chase & Co. upgraded China Literature from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 16th.

About China Literature (OTCMKTS:CHLLF)

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company's flagship product is QQ Reading, a unified mobile content aggregation and distribution platform. As of December 31, 2019, its library featured 8.1 million writers and 12.2 million works of literature, including 11.5 million original literary works created by writers on its platform, 400 thousand works that are sourced from third-party platforms, and 280 thousand e-books.

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