Crown LNG (NASDAQ:CGBS) Shares Down 3.9% – Here’s What Happened

Shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) traded down 3.9% during trading on Friday . The company traded as low as $0.16 and last traded at $0.16. 840,581 shares were traded during mid-day trading, a decline of 87% from the average session volume of 6,439,616 shares. The stock had previously closed at $0.17.

Crown LNG Trading Down 3.9 %

The company has a 50 day moving average price of $0.25 and a 200 day moving average price of $0.35. The company has a market capitalization of $74.09 million, a P/E ratio of -0.18 and a beta of 0.02.

Institutional Inflows and Outflows

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

About Crown LNG

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.