Metals Acquisition Corp (NYSE:MTAL – Get Rating)'s share price was down 0.1% during trading on Monday . The company traded as low as $10.04 and last traded at $10.04. Approximately 8,400 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 64,656 shares. The stock had previously closed at $10.05.

Metals Acquisition Stock Down 0.1 %

The stock has a fifty day moving average price of $9.96 and a 200 day moving average price of $9.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC acquired a new position in Metals Acquisition in the 2nd quarter worth about $100,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Metals Acquisition in the first quarter valued at $108,000. Ergoteles LLC acquired a new stake in Metals Acquisition in the third quarter valued at $354,000. Cubist Systematic Strategies LLC purchased a new position in shares of Metals Acquisition during the third quarter worth about $386,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Metals Acquisition during the second quarter worth about $1,711,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About Metals Acquisition

Metals Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on metals and mining businesses. Metals Acquisition Corp was incorporated in 2021 and is based in Fort Worth, Texas.

Further Reading

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