Spartan Fund Management Inc. boosted its holdings in Rigel Resource Acquisition Corp. (NYSE:RRAC - Free Report) by 51.2% in the 4th quarter, according to 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 quarter. Rigel Resource Acquisition makes up approximately 6.4% of Spartan Fund Management Inc.'s holdings, making the stock its 3rd biggest position. Spartan Fund Management Inc. owned 0.47% of Rigel Resource Acquisition worth $1,739,000 as of its most recent SEC filing.
Separately, Mizuho Securities USA LLC lifted its position 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. 71.85% of the stock is owned by institutional investors and hedge funds.
Rigel Resource Acquisition Price Performance
Shares of Rigel Resource Acquisition stock opened at $11.50 on Wednesday. The stock has a 50 day moving average of $11.50 and a 200 day moving average of $11.50. Rigel Resource Acquisition Corp. has a 12 month low of $10.92 and a 12 month high of $12.75.
About Rigel Resource Acquisition
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rigel Resource Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigel Resource Acquisition wasn't on the list.
While Rigel Resource Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
