Crown LNG (NASDAQ:CGBS) Stock Price Down 4.7% – Should You Sell?

Crown LNG Holdings Ltd (NASDAQ:CGBSGet Free Report)’s stock price fell 4.7% on Wednesday . The stock traded as low as $0.26 and last traded at $0.28. 1,566,327 shares changed hands during trading, a decline of 94% from the average session volume of 25,625,502 shares. The stock had previously closed at $0.29.

Crown LNG Trading Down 4.7 %

The stock has a fifty day simple moving average of $0.48 and a 200-day simple moving average of $0.39. The stock has a market cap of $19.20 million, a price-to-earnings ratio of -0.32 and a beta of -0.21.

Hedge Funds Weigh In On Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. Polar Asset Management Partners Inc. purchased a new position in Crown LNG Holdings Ltd (NASDAQ:CGBSFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned about 0.13% of Crown LNG at the end of the most recent reporting period. 21.88% of the stock is owned by hedge funds and other institutional investors.

About Crown LNG

(Get Free Report)

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.

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