Valuence Merger Corp. I (NASDAQ:VMCA) Trading Up 0.3% - Should You Buy?

Shares of Valuence Merger Corp. I (NASDAQ:VMCA - Get Free Report) were up 0.3% during trading on Monday . The stock traded as high as $11.55 and last traded at $11.55. Approximately 1,000 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 3,000 shares. The stock had previously closed at $11.52.

Valuence Merger Corp. I Trading Down 0.1 %

The stock has a market cap of $85.05 million, a price-to-earnings ratio of 72.13 and a beta of 0.01. The stock's 50 day moving average is $11.52 and its two-hundred day moving average is $11.50.

Institutional Investors Weigh In On Valuence Merger Corp. I

Several hedge funds have recently made changes to their positions in the business. Logan Stone Capital LLC purchased a new stake in Valuence Merger Corp. I during the 2nd quarter valued at approximately $176,000. Condor Capital Management acquired a new position in shares of Valuence Merger Corp. I in the second quarter valued at approximately $171,000. Finally, Clear Street LLC purchased a new stake in shares of Valuence Merger Corp. I during the second quarter worth approximately $170,000. Institutional investors and hedge funds own 52.21% of the company's stock.

About Valuence Merger Corp. I

Valuence Merger Corp. I 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 or entities in developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology in Asia.