Dalrada Financial Corporation (OTCMKTS:DFCO) Stock In Under Selling Pressure: Here is Why
Dalrada Financial Corporation (OTCMKTS:DFCO) stock was in focus as the stock ended lower on Wednesday. The stock has soared 22% over the past month.
Market Action
In the previous trading session, DFCO slid 7.60% to $0.3050. A total of 118k shares traded for the session hands, well above its average volume of 102k shares. The stock opened at $0.2017 and moved in a range of $0.1900 – 0.2063.
Key Trigger
September 17, 2021 – Dalrada Corporation’s Pala Diagnostics Free COVID-19 Point-of-care Tests Proved Compliance for Nearly 3,000 Outdoor Festival Attendees
Dalrada Financial shared information on the Company’s community outreach efforts that support free, on-site COVID-19 point-of-care tests at in-person events. Pala Diagnostics, LLC (“Pala Diagnostics”), a joint venture between Dalrada Health and Vivera Pharmaceuticals, Inc., is a fully operational national laboratory that processes point-of-care, EUA approved, rapid antigen testing, and lab-based PCR testing for COVID-19.
Pala Diagnostics performed both RT-PCR Tests and FDA-authorized Antigen Tests throughout the three-day Boise Pride Festival and Parade. Nearly 3,000 point-of-care tests were administered and processed utilizing Vivera’s exclusive proprietary software LabPort.
To ensure the health and safety of its guests, event coordinators required all attendees, volunteers, performers, and staff to show proof of COVID-19 immunization or a negative PCR or antigen test. All recipients of Pala Diagnostics’ HIPAA compliant test results received a text message to retrieve evidence of COVID-19 testing. All who provided valid proof received an event health check wristband before entry into the festival.
Key Quote:
Brian Bonar, Chairman and CEO of Dalrada, states, “The collaboration between Boise Pride and Pala Diagnostics is a prime example of successfully implementing safety protocols to restore attendance at large public events. Dalrada looks forward to engaging with the community to facilitate safe social congregation, according to recommended public health policy.”