Crown LNG (NASDAQ:CGBS) Stock Price Down 0.2% – Here’s Why

Crown LNG Holdings Ltd (NASDAQ:CGBS)’s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $0.68 and last traded at $0.75. Approximately 4,250,791 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 70,142,719 shares. The stock had previously closed at $0.75.

Crown LNG Stock Performance

The business’s fifty day simple moving average is $0.44.

Institutional Investors Weigh In On Crown LNG

An institutional investor recently bought a new position in Crown LNG stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Crown LNG Holdings Ltd (NASDAQ:CGBS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned approximately 0.13% of Crown LNG at the end of the most recent quarter. 21.88% of the stock is currently owned by institutional investors.

Crown LNG Company Profile

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.