Great Takeover (OTCMKTS:BRLIU) Down 50.7%

Shares of Brilliant Acquisition Co. (OTCMKTS:BRLIU – Get Free Report) fell 50.7% during Monday’s session. The stock was trading as low as $4.99 and last traded at $5.10. 7,700 shares were traded during trading, an increase of 147% compared to the average session volume of 3,122 shares. Shares had previously closed at $10.35.

Outstanding performance in takeover activities

The company has a 50-day simple moving average of $5.10 and a 200-day simple moving average of $5.89.

Excellent profile of the acquiring company

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Brilliant Acquisition Corporation has no significant operations. The Company intends to effect a merger, stock exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more enterprises. Brilliant Acquisition Corporation was founded in 2019 and is headquartered in Shanghai, China.

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