Decarbonization Plus Acquisition (OTCMKTS:DCRBU) Stock Price Up 0.5% – Still a Buy?

Decarbonization Plus Acquisition Co. (OTCMKTS:DCRBU)’s stock price shot up 0.5% on Wednesday . The stock traded as high as $11.59 and last traded at $11.15. 4,700 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 45,387 shares. The stock had previously closed at $11.10.

Decarbonization Plus Acquisition Trading Up 0.5%

The firm’s fifty day simple moving average is $11.15 and its 200 day simple moving average is $11.15.

About Decarbonization Plus Acquisition

Decarbonization Plus Acquisition (OTCMKTS: DCRBU) is a special purpose acquisition company (SPAC) formed to identify and combine with businesses operating in the decarbonization and clean energy sectors. Structured as a blank‐check vehicle, the company raises capital through units, each comprising one share of Class A common stock and one‐half of a redeemable warrant, with the express purpose of effecting a merger, asset acquisition, share purchase or similar business combination.

The SPAC’s investment focus centers on companies developing or deploying technologies and services that support the transition to a low‐carbon economy.