If you are currently looking into stocks which may have recorded significant gains over the course of the past week, then it might be a good time to look into the Dalrada Corporation (OTCMKTS:DFCO) stock. It has attracted considerable attention from investors during the period and has managed to clock gains of as much as 17%.
Trading Data
On Monday, DFCO stock increased by 2.82% to $0.91 with more than 97.39k, compared to its average volume of 130k share. The stock has moved within a range of $0.8500 – 0.9100 after opening trade at $0.89.
Quarterly Earnings Update
While it is true that the gains made by the stock are substantial, it is also necessary to point out that there has been no news about the company in the past week. As a matter of fact, the last time Dalrada Corporation was in the news was back on November 19 this year when the company announced its financial results for the quarter that ended on September 30, 2021.
In the quarter, the company managed to bring in revenues of as much as $4,602,353 and that worked out to a staggering year on year rise of as much as 506%. It proved to be the strongest quarter in the history of Dalrada Corporation. The gross profit that the company brought in amounted to $3,998,018 and that worked out to a rise of as much as 546%. It may now be a good move to keep the stock in your watch lists.
Key Quote
Brian Bonar, Chairman and CEO of Dalrada, states, “I am very pleased with our topline revenues for the quarter. We are making the right decisions to grow and position our organization for future success while strategically increasing stockholder value as we achieve our future goal of uplisting to NASDAQ.”
