Shares of Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) were down 2.8% during trading on Thursday . The company traded as low as $0.1874 and last traded at $0.2128. Approximately 1,387,150 shares changed hands during trading, an increase of 49,601% from the average daily volume of 2,791 shares. The stock had previously closed at $0.2190.
Quantum FinTech Acquisition Stock Performance
The business’s 50 day simple moving average is $0.24 and its 200 day simple moving average is $0.26.
About Quantum FinTech Acquisition
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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