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Barchart
Wajeeh Khan

This Penny Stock Is Soaring on a Crypto Pivot. Should You Buy Its Shares?

Zeta Network (ZNB) shares soared on Sept. 4 in tandem with a sharp increase in the price of Bitcoin (BTCUSD) from just below $109,000 on Sept. 2 to highs above $112,000 on Thursday, Sept. 4. 

Formerly known as Color Star Technology, an online entertainment and education company, ZNB has recently changed its name and ticker symbol and made a strategic pivot to crypto mining, thematically tying its share price to BTC. 

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