Digital Asset Acquisition Corp. (NASDAQ:DAAQW – Get Free Report) shares shot up 19.8% on Friday. The company traded as high as $0.2498 and last traded at $0.2397. Approximately 47,759 shares changed hands during trading, an increase of 131% from the average daily volume of 20,647 shares. The stock had previously closed at $0.20.
Digital Asset Acquisition Stock Performance
The company has a 50-day moving average of $0.18 and a 200-day moving average of $0.33.
About Digital Asset Acquisition
We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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