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Crown LNG (NASDAQ:CGBS) Shares Up 33.9% - Here's What Happened

Crown LNG logo with Energy background

Crown LNG Holdings Limited (NASDAQ:CGBS - Get Free Report)'s share price shot up 33.9% on Friday . The stock traded as high as $0.17 and last traded at $0.11. 779,660,124 shares traded hands during trading, an increase of 5,697% from the average session volume of 13,449,306 shares. The stock had previously closed at $0.08.

Crown LNG Price Performance

The stock has a 50-day moving average price of $0.11 and a 200-day moving average price of $0.28. The firm has a market capitalization of $51.21 million, a PE ratio of -0.13 and a beta of -0.13.

Hedge Funds Weigh In On Crown LNG

A hedge fund recently bought a new stake in Crown LNG stock. XTX Topco Ltd purchased a new position in Crown LNG Holdings Limited (NASDAQ:CGBS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 117,197 shares of the company's stock, valued at approximately $47,000. XTX Topco Ltd owned about 0.17% of Crown LNG at the end of the most recent quarter. 21.88% of the stock is currently owned by hedge funds and other institutional investors.

Crown LNG Company Profile

(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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