Rigel Resource Acquisition Corp. (NYSE:RRAC) Shares Bought by Spartan Fund Management Inc.

Spartan Fund Management Inc. boosted its holdings in shares of Rigel Resource Acquisition Corp. (NYSE:RRAC - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,239 shares of the company's stock after purchasing an additional 51,239 shares during the period. Rigel Resource Acquisition comprises approximately 6.4% of Spartan Fund Management Inc.'s holdings, making the stock its 3rd largest holding. Spartan Fund Management Inc. owned about 0.47% of Rigel Resource Acquisition worth $1,739,000 at the end of the most recent quarter.

Separately, Mizuho Securities USA LLC lifted its stake in shares of Rigel Resource Acquisition by 12.3% in the fourth quarter. Mizuho Securities USA LLC now owns 640,519 shares of the company's stock worth $7,302,000 after buying an additional 70,119 shares in the last quarter. Institutional investors and hedge funds own 71.85% of the company's stock.

Rigel Resource Acquisition Stock Performance

Shares of Rigel Resource Acquisition stock remained flat at $11.50 on Monday. The stock has a fifty day moving average of $11.50 and a two-hundred day moving average of $11.50. Rigel Resource Acquisition Corp. has a fifty-two week low of $10.92 and a fifty-two week high of $12.75.

About Rigel Resource Acquisition

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry.