The past few days have been quite heady for investors in the Dalrada Corporation (OTCMKTS:DFCO) stock as the stock managed to clock gains of 10% on Friday and thereby, took its gains for the past week to a staggering 110%.
Trading Data
On Friday, DFCO stock surged 10.30% to $0.74 with more than 248k shares, compared to its average volume of 112k shares. The stock moved within a range of $0.6100 – 0.7400 after opening trade at $0.70.
Dalrada Clean Energy Board Adds Technology Advisor Charles Tang
The last time the company was in the news was actually back on February 18 when it made a key announcement. The company announced that it had inducted a new member into its Clean Energy Advisory Board in the form of Charles Tang. The advisory board in question is primarily involved with technology and the appointment of Tang is an interesting one.
Tang is an expert in Internet of Things and that is a frontier that is expected to see considerable competition in the coming years. Hence, the appointment is an indication of Dalrada Corporation’s priorities at this point in time.
Not too long ago Tang had actually led a range of projects for aiding digital monetisation that were meant for governments and also for commercial organisations during the coronavirus pandemic. At this point in time, it is going to be interesting to see if the Dalrada stock continues to rally over the coming days or not in light of the latest rally.
Key Quote
Brian Bonar, Chairman and CEO of Dalrada, states, “Mr. Tang has spent much of his career helping transform businesses in the public, private, and non-profit sectors. Having launched many large-scale initiatives to help organizations quickly and securely implement solutions to complex challenges, we appreciate Mr. Tang’s commitment as an Advisor. His experience with massive digital transformation provides valuable insight for bridging the gap between technology and clean energy initiatives.”
Technical Data
DFCO stock is trading above the 20-Day and 200-Day Moving averages of $0.60 and $0.48 respectively. However, the stock is trading below the 50-Day moving average of $0.75.
