Epsium Enterprise (NASDAQ:EPSM) Shares Gap Up - Here's Why

Key Points

• Epsium Enterprise Limited's shares gapped up, opening at $65.49 after a previous close of $46.72, but last traded at $48.00.
• The firm experienced a 10.0% decline in stock price and has a 50-day moving average of $23.42.
• Murchinson Ltd. recently acquired 10,000 shares in Epsium Enterprise, valued at approximately $53,000, representing about 0.08% of the company.

Epsium Enterprise Limited (NASDAQ:EPSM - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $46.72, but opened at $65.49. Epsium Enterprise shares last traded at $48.00, with a volume of 12,465 shares trading hands.

Epsium Enterprise Price Performance

The firm's fifty day moving average price is $24.91.

Institutional Investors Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Quadrature Capital Ltd acquired a new position in shares of Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,673 shares of the company's stock, valued at approximately $247,000. Quadrature Capital Ltd owned approximately 0.14% of Epsium Enterprise as of its most recent SEC filing.

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.