Mountain Lake Acquisition (NASDAQ:MLAC – Get Free Report) posted its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.
Mountain Lake Acquisition Price Performance
Mountain Lake Acquisition stock opened at $10.59 on Friday. Mountain Lake Acquisition has a 52 week low of $10.14 and a 52 week high of $10.69. The company’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $10.47.
Institutional Trading of Mountain Lake Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in Mountain Lake Acquisition in the first quarter worth $4,483,000. Moore Capital Management LP bought a new stake in shares of Mountain Lake Acquisition during the 2nd quarter worth $2,052,000. Radcliffe Capital Management L.P. bought a new stake in shares of Mountain Lake Acquisition during the 2nd quarter worth $994,000. Wolverine Asset Management LLC boosted its holdings in shares of Mountain Lake Acquisition by 5.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,642,711 shares of the company’s stock worth $16,920,000 after buying an additional 89,253 shares during the last quarter. Finally, Clear Street Group Inc. purchased a new position in shares of Mountain Lake Acquisition in the 3rd quarter worth about $40,000.
About Mountain Lake Acquisition
Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.
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