Crown LNG (NASDAQ:CGBS) Shares Down 0.2% – Time to Sell?

Crown LNG Holdings Ltd (NASDAQ:CGBS)’s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $0.68 and last traded at $0.75. Approximately 4,250,791 shares changed hands during trading, a decline of 94% from the average daily volume of 70,142,719 shares. The stock had previously closed at $0.75.

Crown LNG Stock Performance

The company has a market capitalization of $51.58 million, a price-to-earnings ratio of -0.86 and a beta of -0.22. The business has a 50-day moving average of $0.44.

Institutional Investors Weigh In On Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. Polar Asset Management Partners Inc. bought a new stake in Crown LNG Holdings Ltd (NASDAQ:CGBS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned approximately 0.13% of Crown LNG as of its most recent filing with the SEC. 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.