Duddell Street Acquisition (OTCMKTS:DSACU) Stock Price Down 0.1% – What’s Next?

Duddell Street Acquisition Corp. (OTCMKTS:DSACU)’s share price was down 0.1% on Wednesday . The stock traded as low as $10.02 and last traded at $10.02. Approximately 1,180 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 32,148 shares. The stock had previously closed at $10.03.

Duddell Street Acquisition Price Performance

The stock has a 50 day moving average of $10.07 and a 200 day moving average of $9.75.

Duddell Street Acquisition Company Profile

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.