This morning the DeFi Technologies Inc (OTCMKTS:DEFTF) stock is likely to be on the radars of many investors and that is primarily due to the sort of gains made by the company’s stock on Friday. The DeFi stock was in major focus among investors on Friday and managed to clock gains of as much as 23% amidst high demand.
There was no news about the company on Friday or even during the past week and hence, it might come as a bit of a surprise to many. However, it should not be forgotten that that back on July 20 DeFi had announced that it appointed a new Executive Chairman in the form of Russell Starr.
This could be a major move for the company and the rally in the stock may have been triggered by Starr’s appointment. Starr is an experienced executive who had previously served as the Head of Capital Markets at the company.
In addition to that, his experience as well as expertise in the capital markets and the related industries is also expected to come as a boost for DeFi. At this point, it might be a good move from investors to add the DeFi stock to their watch lists.
On Friday, DEFTF stock surged 23% at $0.67 with more than 979K shares, compared to its average volume of 274k shares. The stock has moved within a range of $0.5498 – 0.6700 after opening the trade at $0.5655.
 stock Soars On High Volume: Will it Hit $1?){kind=link}