Laser sensing systems company Dark Pulse Inc (OTCMKTS:DPLS) has been the subject of major focus from investors over the course of the past month and during that period, the stock has rallied by as much as 85%.
In light of the enormous gains recorded by the Dark Pulse stock over the course of the past month, it might be a good move for investors to take a closer look at the company’s business. There has been no recent news about the company but the stock has displayed strong momentum nonetheless and it might be related to an announcement back on June 30.
At the time, Dark Pulse announced that that is signed a letter of intent in relation to the acquisition of the drone company TerraData Unmanned PLLC.
TerraData is best known for providing drone based 3D modelled mapping solutions which are meant for industrial applications. In this regard, it is also necessary to point out that it provides services that are vital when it comes to repelling a range of threats to public safety. The rally in the Dark Pulse stock is hence understandable. However, investors could do well to keep an eye on the news with regards to this stock.
Market Reaction:
On Thursday, DPLS stock ended higher by 3%to $0.1292 with more than 28.15 million shares, compared to its average volume of 100.03 million shares. The stock had moved within a range of $0.1261 – 0.1325 after opening the trade at $0.13. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.
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