Epsium Enterprise (NASDAQ:EPSM) Reaches New 1-Year High - Time to Buy?

Key Points

• Epsium Enterprise Limited shares have reached a new 52-week high of $66.46, significantly up from a previous close of $26.98.
• Institutional investor Murchinson Ltd. has purchased a new stake in Epsium Enterprise, acquiring 10,000 shares valued at approximately $53,000.
• The company operates mainly through its Macau subsidiary, Companhia de Comercio Luz Limitada, emphasizing its role as a holding company.

Epsium Enterprise Limited (NASDAQ:EPSM - ) shares reached a new 52-week high on Tuesday . The stock traded as high as $66.46 and last traded at $66.46, with a volume of 484395 shares traded. The stock had previously closed at $26.98.

Epsium Enterprise Stock Performance

The company has a fifty day moving average price of $19.85.

Hedge Funds Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. bought a new position in shares of Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $53,000. Murchinson Ltd. owned approximately 0.08% of Epsium Enterprise as of its most recent filing with the Securities and Exchange Commission.

About Epsium Enterprise

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK.

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