Shares of Duddell Street Acquisition Corp. (OTCMKTS:DSACU – Get Free Report) dropped 0.6% during trading on Friday . The company traded as low as $10.04 and last traded at $10.04. Approximately 5,063 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 29,741 shares. The stock had previously closed at $10.10.
Duddell Street Acquisition Price Performance
The business’s fifty day simple moving average is $10.06 and its 200 day simple moving average is $9.85.
About Duddell Street Acquisition
Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.
The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.
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