Duddell Street Acquisition Corp. (OTCMKTS:DSACU – Get Free Report) shot up 0.2% during trading on Wednesday . The stock traded as high as $10.30 and last traded at $10.30. 22,221 shares changed hands during trading, a decline of 22% from the average daily volume of 28,509 shares. The stock had previously closed at $10.28.
Duddell Street Acquisition Stock Performance
The firm’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.12.
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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