Metals Acquisition Corp (NYSE:MTAL – Get Rating) was up 0.1% during trading on Wednesday . The company traded as high as $10.23 and last traded at $10.23. Approximately 2,738,834 shares changed hands during trading, an increase of 1,718% from the average daily volume of 150,640 shares. The stock had previously closed at $10.22.
Metals Acquisition Trading Up 0.1 %
The stock has a 50-day moving average of $10.16 and a 200 day moving average of $10.01.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Metals Acquisition during the 1st quarter worth $108,000. Sea Otter Advisors LLC acquired a new stake in Metals Acquisition during the 4th quarter worth $219,000. Ergoteles LLC acquired a new stake in Metals Acquisition during the 3rd quarter worth $354,000. Flow State Investments L.P. acquired a new stake in Metals Acquisition during the 4th quarter worth $362,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Metals Acquisition during the 3rd quarter worth $386,000. 74.77% of the stock is currently owned by institutional investors.
About Metals Acquisition
Metals Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on metals and mining businesses. Metals Acquisition Corp was incorporated in 2021 and is based in Fort Worth, Texas.
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