Netcapital (NCPL) shares have doubled after hiring Rich Wheeless as CEO and announcing a digital assets pivot. Despite the surge, the stock is trading at a fraction of its July price. Wheeless brings experience from blockchain firms Taal and Rivetz, but caution is advised due to a large inducement award and potential dilution from the Rivetz acquisition. NCPL faces delisting risk as much of the upside seems priced in, and Wall Street lacks coverage. With NCPL stock still below major moving averages, downward momentum remains a concern. Proceed with caution in evaluating Netcapital shares.

Read more at Barchart: This Penny Stock Just Doubled on a Blockchain Expansion. Should You Buy Shares Here?