DeFi Technologies (OTC:DEFTF) Trading Up 20% – Here’s What Happened

DeFi Technologies Inc. (OTC:DEFTF)’s stock price rose 20% during trading on Thursday . The stock traded as high as $3.99 and last traded at $3.98. Approximately 2,429,100 shares changed hands during trading, an increase of 174% from the average daily volume of 885,116 shares. The stock had previously closed at $3.32.

Analyst Ratings Changes

Separately, Compass Point began coverage on DeFi Technologies in a research report on Thursday, April 24th. They issued a “buy” rating for the company.

DeFi Technologies Stock Performance

The stock’s fifty day simple moving average is $3.24 and its two-hundred day simple moving average is $2.96. The company has a market capitalization of $1.30 billion and a price-to-earnings ratio of 19.92.

DeFi Technologies Company Profile

DeFi Technologies Inc, a technology company, develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands. The company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments.