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Save your seatZENA faded from roughly $2.12 in mid-May to $1.63 now after a $25 million registered direct offering reset the tape, even as the company kept pushing acquisition and defense-drone headlines.
The stock has the potential to go down if it loses $1.50, and that could open a move back toward the $1.15 to $1.25 zone. More dilution, slow acquisition closes, or weak follow-through on defense certification news would likely speed up the downside.
If ZENA holds the $1.50 to $1.60 area and buyers step back in on volume, a push toward $2.12 to $2.50 is on the table. The first real hurdle is $2.12, where the May financing priced and where fresh supply likely sits.
We don't currently have information about ZenaTech Inc.'s earnings.