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

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

Crown LNG Trading Down 0.2 %

The firm has a market cap of $51.58 million, a P/E ratio of -0.86 and a beta of -0.22. The company’s fifty day moving average is $0.44.

Hedge Funds Weigh In On Crown LNG

An institutional investor recently bought a new position in Crown LNG stock. Polar Asset Management Partners Inc. bought a new stake in shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 21.88% of the stock is currently 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.