Denali Capital Acquisition Corp. (NASDAQ:DECAU – Get Free Report) shares shot up 2.8% on Tuesday . The stock traded as high as $8.94 and last traded at $8.94. 1 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,100 shares. The stock had previously closed at $8.70.
Denali Capital Acquisition Price Performance
The company’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $8.64.
About Denali Capital Acquisition
Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.
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