Decentralised finance has emerged as one of the sectors to have come into sharp focus among investors in recent times and if you are looking into stocks in that sector this week then you could consider looking into the DeFi Technologies Inc (OTCMKTS:DEFTF) stock.
Yesterday, the company was in the news after it announced the voting results from the Special Meeting and Annual General Meeting of shareholders that were held yesterday. After the announcement of these results, the DeFi stock actually rallied and went up by as much as 4.5% on Monday.
In this context, it is also necessary for investors to keep in mind that the shareholders who participated in the meeting represented as much as 14.68% of all the outstanding and issues shares in DeFi Technologies. In the aforementioned meeting, the shareholders approved the election of as many as five directors to the board of the company.
In addition to that, as many as 99.96% of the shareholders approved the appointed of RSM Canada LLP as the new auditors of the company. While the jump in the share price was a positive, it now remains to be seen if the stock can maintain the momentum over the course of the week.