Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) traded up 9.3% during mid-day trading on Thursday . The company traded as high as $0.2121 and last traded at $0.2121. 35,367,663 shares traded hands during trading, an increase of 1,267,104% from the average daily volume of 2,791 shares. The stock had previously closed at $0.1941.
Quantum FinTech Acquisition Price Performance
The firm’s 50-day moving average is $0.21 and its 200-day moving average is $0.23.
Quantum FinTech Acquisition Company Profile
Quantum FinTech Acquisition Corp. (NYSE: QFTA) is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, share purchase or similar business combination with one or more businesses in the financial technology, digital assets, blockchain technology and quantum computing sectors. As a blank-check vehicle, QFTA provides a public-market structure and capital to partner with emerging companies that leverage cutting-edge technologies to transform traditional financial services and support next-generation digital ecosystems.
The company completed its initial public offering in August 2021, raising gross proceeds that are held in a trust account pending the identification and consummation of a qualifying business combination.
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