Epsium Enterprise (NASDAQ:EPSM) Trading Up 12.8% - Here's What Happened

Key Points

• Epsium Enterprise (NASDAQ:EPSM) saw a significant rise of 12.8% in its stock price, closing at $45.60 after reaching a high of $47.54.
• Trading volume was notably low, with approximately 27,936 shares exchanged, marking a 94% decline from the average daily volume.
• A hedge fund, Murchinson Ltd., recently acquired a new stake in Epsium Enterprise, purchasing 10,000 shares valued at about $53,000, representing ownership of 0.08% of the company.

Epsium Enterprise Limited (NASDAQ:EPSM - ) rose 12.8% on Thursday . The stock traded as high as $47.54 and last traded at $45.60. Approximately 27,936 shares traded hands during trading, a decline of 94% from the average daily volume of 441,511 shares. The stock had previously closed at $40.41.

Epsium Enterprise Price Performance

The business has a 50-day moving average price of $22.75.

Institutional Investors Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. purchased a new position in shares of Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $53,000. Murchinson Ltd. owned about 0.08% of Epsium Enterprise at the end of the most recent reporting period.

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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