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Fir Tree Capital Management LP Sells 200,000 Shares of RCF Acquisition Corp. (NYSE:RCFA)

Defense World ·  Sep 13, 2022 05:31

Fir Tree Capital Management LP trimmed its holdings in RCF Acquisition Corp. (NYSE:RCFA – Get Rating) by 33.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the company's stock after selling 200,000 shares during the quarter. Fir Tree Capital Management LP's holdings in RCF Acquisition were worth $3,976,000 as of its most recent SEC filing.

Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in RCF Acquisition in the 1st quarter worth approximately $444,000. Institutional investors own 77.98% of the company's stock.

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RCF Acquisition Stock Performance

RCFA stock opened at $10.03 on Tuesday. RCF Acquisition Corp. has a 1-year low of $9.73 and a 1-year high of $10.31. The business has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $9.96.

RCF Acquisition Profile

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RCF Acquisition Corp. does not have significant operations. The company focuses to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition. RCF Acquisition Corp.

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