Why Luokung Stock Was Climbing Today

Five days after Luokung Technology (NASDAQ: LKCO) soared on news of a new contract, the Chinese mapping technology stock was climbing again. This time, the catalyst was the approval of its HD map standards by a Chinese government agency.

As a result, the stock was up 5.7% as of 2:27 p.m. EDT after climbing as much as 12% earlier in the session.

Image source: Getty Images.

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Source Fool.com