Denali Capital Acquisition Corp. (NASDAQ:DECAU – Get Free Report) rose 0.8% on Thursday . The company traded as high as $12.15 and last traded at $12.00. Approximately 12,600 shares traded hands during mid-day trading, an increase of 186% from the average daily volume of 4,400 shares. The stock had previously closed at $11.90.
Denali Capital Acquisition Stock Performance
The firm’s 50-day simple moving average is $11.84 and its 200-day simple moving average is $11.66.
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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