Centurion Acquisition (NASDAQ:ALFUW) Trading Down 3.2% – Here’s Why

Centurion Acquisition Corp. (NASDAQ:ALFUW)’s stock price was down 3.2% on Monday . The stock traded as low as $0.18 and last traded at $0.2074. Approximately 13,067 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 36,738 shares. The stock had previously closed at $0.2143.

Centurion Acquisition Trading Down 3.2%

The stock’s fifty day moving average price is $0.29 and its 200-day moving average price is $0.31.

Centurion Acquisition Corp. (NASDAQ: ALFUW) is a special purpose acquisition company formed in 2021 with the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Incorporated in Delaware, the company raises investment capital through its public listing, with units typically comprising shares and warrants. To date, Centurion Acquisition has not generated operating revenues and remains focused on identifying a suitable business combination target.

As a blank‐check company, Centurion Acquisition seeks opportunities across a range of industries, with particular interest in sectors demonstrating robust growth potential.