Quetta Acquisition Co. (NASDAQ:QETAU – Get Free Report)’s share price dropped 3.1% during trading on Thursday . The company traded as low as $11.70 and last traded at $11.4980. Approximately 2,647 shares traded hands during trading, a decline of 22% from the average session volume of 3,404 shares. The stock had previously closed at $11.87.
Quetta Acquisition Stock Down 1.7%
The business has a 50 day moving average of $11.97 and a 200 day moving average of $11.42.
About Quetta Acquisition
Quetta Acquisition (NASDAQ:QETAU) is a special purpose acquisition company (SPAC) incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check vehicle, the company itself does not operate any business but seeks to identify and combine with one or more target companies that meet its investment criteria.
Since its formation, Quetta Acquisition has focused on raising capital through an initial public offering and holding those proceeds in a trust account while it evaluates potential business combination opportunities.
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