Mizuho Securities USA LLC Increases Position in Rigel Resource Acquisition Corp. (NYSE:RRAC)

Mizuho Securities USA LLC boosted its holdings in Rigel Resource Acquisition Corp. (NYSE:RRAC - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 640,519 shares of the company's stock after purchasing an additional 70,119 shares during the quarter. Mizuho Securities USA LLC owned about 2.00% of Rigel Resource Acquisition worth $7,302,000 at the end of the most recent quarter.

Separately, Quarry LP bought a new position in Rigel Resource Acquisition in the third quarter worth approximately $2,012,000. 71.85% of the stock is owned by institutional investors and hedge funds.

Rigel Resource Acquisition Stock Performance

Rigel Resource Acquisition stock remained flat at $11.50 during mid-day trading on Thursday. Rigel Resource Acquisition Corp. has a one year low of $10.92 and a one year high of $12.75. The stock has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $11.50.

Rigel Resource Acquisition Profile

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.