Denali Capital Acquisition (NASDAQ:DECAU) Trading Up 0.6% – Still a Buy?

Shares of Denali Capital Acquisition Corp. (NASDAQ:DECAUGet Free Report) traded up 0.6% during trading on Friday . The stock traded as high as $11.60 and last traded at $11.60. 200 shares changed hands during trading, a decline of 87% from the average session volume of 1,496 shares. The stock had previously closed at $11.53.

Denali Capital Acquisition Trading Up 0.6 %

The company’s 50-day simple moving average is $11.53 and its 200 day simple moving average is $10.37.

Denali Capital Acquisition Company Profile

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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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