Crown LNG (NASDAQ:CGBS) Stock Price Up 33.9% – Here’s What Happened

Shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) rose 33.9% during trading on Friday . The company traded as high as $0.17 and last traded at $0.11. Approximately 779,660,124 shares traded hands during trading, an increase of 5,697% from the average daily volume of 13,449,306 shares. The stock had previously closed at $0.08.

Crown LNG Stock Up 33.9%

The stock has a 50 day moving average price of $0.11 and a 200 day moving average price of $0.28. The stock has a market capitalization of $51.90 million, a price-to-earnings ratio of -0.13 and a beta of -0.13.

Institutional Investors Weigh In On Crown LNG

An institutional investor recently bought a new position in Crown LNG stock. XTX Topco Ltd acquired a new stake in shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,197 shares of the company’s stock, valued at approximately $47,000. XTX Topco Ltd owned approximately 0.17% of Crown LNG as of its most recent SEC filing. 21.88% of the stock is owned by institutional investors and hedge funds.

Crown LNG Company Profile

Crown LNG Holdings Limited develops and delivers tailored offshore liquefied natural gas (LNG) liquefaction and regasification terminal infrastructure solutions for harsh weather locations. The company is based in St Helier, Jersey.