The DarkPulse Inc (OTCMKTS:DPLS) stock as in action again on Wednesday and went up by 7% as investors piled on to it following a key announcement from the laser sensing systems company. Yesterday the company announced that it inked a letter of intent with regards to the acquisition of TerraData Unmanned PLLC.
TerraData is involved in the drone space and offers its clients a range of capabilities that also include underwater inspection. In addition to that, the company also offers drone based 3D modelled mapping for industrial applications. Some of the industries to which it offers these services include engineering companies, transportation departments and water management firms among others.
In recent times, DarkPulse has been involved in striking such deal in order to further broaden its range of offerings and this is the latest deal that further expands its offerings. The company is looking to become a major player in the infrastructure sensing and monitoring spaces across land, air and sea.
The potential acquisition of TerraData is a step in that direction. Hence, it is not a surprise that the stock rallied yesterday. It is now going to be interesting to see if the DarkPulse stock can add to its gains today.
Market Reaction:
On Wednesday, DPLS stock gained 8% to $0.0801 with more than 205.91 million shares, compared to its average volume of 76.52 million shares. The stock has moved within a range of $0.0743 – 0.0890 after opening the trade at $0.0770. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0969.
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