Crown LNG (NASDAQ:CGBS) Stock Price Down 0.2% – Here’s Why

Shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) were down 0.2% on Thursday . The company traded as low as $0.24 and last traded at $0.24. Approximately 436,781 shares traded hands during trading, a decline of 94% from the average daily volume of 6,962,501 shares. The stock had previously closed at $0.24.

Crown LNG Price Performance

The company has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.37. The firm has a market cap of $108.32 million, a PE ratio of -0.27 and a beta of -0.13.

Institutional Investors Weigh In On Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. XTX Topco Ltd bought a new position in Crown LNG Holdings Ltd (NASDAQ:CGBS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 117,197 shares of the company’s stock, valued at approximately $47,000. XTX Topco Ltd owned approximately 0.17% of Crown LNG as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 21.88% of the company’s stock.

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.