RTTNews | Mar 2, 2021 10:10AM EST

10:09 Tuesday, March 2, 2021 (RTTNews.com) - The9 Limited (NCTY) shares are rising more than 18 percent on Tuesday morning trade, continuing the uptick since February 26. The shares have gained as the company signed a memorandum of understanding to acquire 70 percent equity in Hangzhou Suan Li Technology Co. Ltd. for approximately $7 million.

Today, there has been no stock-centric news that could drive up shares.

Currently, shares are at $53.49, up 18.87 percent from the previous close of $44.92. For the 52-week period, the shares have traded in a range of $2.04-$89.20 on average volume of 4,596,751.

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