Crown LNG (NASDAQ:CGBS) Shares Up 15.8% – Should You Buy?

Crown LNG Holdings Ltd (NASDAQ:CGBS)’s stock price shot up 15.8% during mid-day trading on Thursday . The company traded as high as $0.34 and last traded at $0.33. 1,107,235 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 1,273,267 shares. The stock had previously closed at $0.28.

Crown LNG Stock Performance

The stock has a market capitalization of $22.07 million, a PE ratio of -0.37 and a beta of -0.11. The stock has a 50-day simple moving average of $0.33. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.01.

Institutional Trading of Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. Polar Asset Management Partners Inc. purchased a new stake in Crown LNG Holdings Ltd (NASDAQ:CGBS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned 0.13% of Crown LNG at the end of the most recent reporting period. 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.