Crown LNG (NASDAQ:CGBS) Shares Up 33.9% – Here’s Why

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

Crown LNG Stock Performance

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

Institutional Inflows and Outflows

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

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.