Crown LNG (NASDAQ:CGBS) Shares Up 15.8% – What’s Next?

Crown LNG Holdings Ltd (NASDAQ:CGBS)’s share price shot up 15.8% on Thursday . The company traded as high as $0.34 and last traded at $0.33. 1,107,235 shares were traded during trading, a decline of 13% from the average session volume of 1,273,267 shares. The stock had previously closed at $0.28.

Crown LNG Stock Performance

The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $0.33. The company has a market cap of $22.58 million, a P/E ratio of -0.38 and a beta of -0.11.

Institutional Investors Weigh In On Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. Polar Asset Management Partners Inc. acquired a new stake in Crown LNG Holdings Ltd (NASDAQ:CGBS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned 0.13% of Crown LNG at the end of the most recent quarter. Institutional investors and hedge funds own 21.88% of the company’s stock.

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.