DeFi Technologies Stock Surges 18% Amid Crypto Rally
DeFi Technologies stock surged 18% on Friday to €0.5060, bucking analyst expectations and riding the wave of a strong crypto market.
The company's shares remain about 80% below their 52-week high of €2.31, set last September, but improving sentiment around digital assets could provide the catalyst needed to close the gap to Nasdaq compliance.
DeFi Technologies received a deficiency notice from the Nasdaq on March 5 after its shares traded below $1.00 minimum bid price for 30 consecutive sessions.