Shares of HCM Acquisition Corp (NASDAQ:HCMAW – Get Free Report) dropped 7.1% during mid-day trading on Friday . The company traded as low as $0.65 and last traded at $0.65. Approximately 15,310 shares changed hands during trading, a decline of 51% from the average daily volume of 30,994 shares. The stock had previously closed at $0.70.
HCM Acquisition Trading Down 7.1%
The business has a 50-day moving average of $0.59 and a two-hundred day moving average of $0.56.
About HCM Acquisition
HCM Acquisition Corp. is a special purpose acquisition company incorporated in Delaware to effect a merger, capital stock exchange, asset acquisition or similar business combination. The company completed its initial public offering of units in October 2021, with each unit comprised of one share of Class A common stock and one-half of one redeemable warrant. The company’s Class A shares and warrants trade on the Nasdaq Capital Market under the symbols HCMA and HCMAW, respectively.
The company has not yet identified a business combination target.
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