Duddell Street Acquisition (OTCMKTS:DSACU) Trading Up 0.3% – What’s Next?

Duddell Street Acquisition Corp. (OTCMKTS:DSACU)’s share price shot up 0.3% on Tuesday . The company traded as high as $10.13 and last traded at $10.13. Approximately 5,000 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 27,023 shares. The stock had previously closed at $10.10.

Duddell Street Acquisition Price Performance

The stock’s fifty day moving average is $10.06 and its 200 day moving average is $10.05.

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.