In the past few days, Dalrada Corporation (OTCMKTS:DFCO) has come into significant focus among a number of investors and that can be gauged from the price action in its stock. Yesterday, the stock was on the move once again and ended up with gains of 3%. That took the gains made by the stock over the course of the past week to as much as 22%.
Trading Data
On Thursday, DFCO stock gained 3.45% to $0.69 with 25.7K shares, compared to its average Thursday of 100K shares. The stock moved within a range of $0.6900 – 0.7245 after opening trade at $0.6520.
Dalrada Energy Services Partners With imagineeer to Incubate Web3 Foundation and Future Metaverse Solutions
The company, which is involved in healthcare solutions, technology and sustainable business, announced yesterday that it had gone into a partnership the Web3 solutions firm Imagineer, which is based out of Virginia.
It was a major new announcement from Dalrada and may have led to considerable interest among investors yesterday. The Web3 is being regarded as the next big thing in the evolution of the internet since it is going to be based on a decentralised system that is going to be help in boosting privacy.
The decision from Dalrada to move into this space through a partnership could well prove to be a major move from the company. It now remains to be seen if the stock can manage to hold on to its momentum in the coming days.
Key Quote
Dalrada’s Chairman and CEO, Brian Bonar, states, “Taking an innovative and secure Web3 approach to engaging end users permits Dalrada to create new revenue streams for its clients, allowing them to disintermediate their business activities and directly empower their customers.”
Technical Data
DFCO stock is trading above the 20-Day and 50-Day Moving averages of $0.60 and $0.59 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.50.
