Shares of Denali Capital Acquisition Corp. (NASDAQ:DECAU – Get Free Report) rose 0.6% during mid-day trading on Friday . The stock traded as high as $11.60 and last traded at $11.60. Approximately 200 shares traded hands during trading, a decline of 87% from the average daily volume of 1,496 shares. The stock had previously closed at $11.53.
Denali Capital Acquisition Stock Performance
The company has a 50 day moving average of $11.53 and a 200-day moving average of $10.38.
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. It intends to complete a business combination with companies primarily operating in the technology, consumer services, and hospitality sectors.
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