Denali Capital Acquisition (NASDAQ:DECAU) Stock Price Up 1.6% – Should You Buy?

Denali Capital Acquisition Corp. (NASDAQ:DECAUGet Free Report)’s share price traded up 1.6% during trading on Wednesday . The company traded as high as $11.79 and last traded at $11.79. 100 shares changed hands during trading, a decline of 93% from the average session volume of 1,443 shares. The stock had previously closed at $11.60.

Denali Capital Acquisition Stock Performance

The stock has a 50-day moving average price of $11.66 and a 200 day moving average price of $11.33.

About Denali Capital Acquisition

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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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