Laser sensing systems company Dark Pulse Inc (OTCMKTS:DPLS) has been one of the major gainer over the course of the past week and has managed to deliver gains of as much as 70%. In light of such gains, it might be a good move for investors to perhaps take a closer look at some of the recent developments that might have led to the rally.
Last week the company announced that it inked a letter of intent with regards to the acquisition of the company TerraData Unmanned PLLC. This could be a major acquisition for Dark Pulse since it could further broaden its capabilities.
TerraData is a drone based company and offers a range of solutions across different platforms. For instance, the company’s solutions also offer underwater inspection capabilities. On the other hand, TerraData also has the capability of providing drone based 3D geo-rectified mapping for different industries.
Investors need to remember that the company provides a range of critical services that are essential in helping with public safety concerns. Hence, it is not a surprise that the possibility of this acquisition has resulted in considerable attention for the Dark Pulse stock over the past week or so.
Market Reaction:
On Wednesday, DPLS stock fell 3.75% at $0.1285 with more than 269.95 million shares, compared to its average volume of 83.57 million shares. The stock had moved within a range of $0.1130 – 0.1640 after opening the trade at $0.1350. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.1640.
 Stock Makes an Interesting Move: But Why?){kind=link}