African Gold Acquisition (NYSE:AGAC) Hits New 52-Week High at $10.40

Shares of African Gold Acquisition Co. (NYSE:AGAC – Get Rating) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.40 and last traded at $10.20, with a volume of 2813 shares traded. The stock had previously closed at $10.19.

African Gold Acquisition Price Performance

The company’s 50 day moving average price is $10.12 and its 200 day moving average price is $10.00.

Institutional Trading of African Gold Acquisition

Several hedge funds have recently made changes to their positions in AGAC. Bank of Montreal Can lifted its stake in shares of African Gold Acquisition by 1.8% in the first quarter. Bank of Montreal Can now owns 496,670 shares of the company’s stock valued at $4,862,000 after purchasing an additional 8,613 shares during the period. Hsbc Holdings PLC acquired a new position in African Gold Acquisition during the first quarter worth about $11,384,000. Royal Bank of Canada acquired a new position in African Gold Acquisition during the first quarter worth about $30,000. Bank of America Corp DE acquired a new position in African Gold Acquisition during the first quarter worth about $1,922,000. Finally, Mint Tower Capital Management B.V. acquired a new position in African Gold Acquisition during the second quarter worth about $1,155,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

About African Gold Acquisition

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African Gold Acquisition Corporation does not have significant operations. The company focuses on effecting a merger or mergers, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. African Gold Acquisition Corporation was incorporated in 2020 and is based in New York, New York.