Stocks of Bright Green Corporation (NASDAQ:BGXX) traded higher last session on Wall Street, up 3.80% to $0.52.
BGXX stock price is now 1.51% away from the 50-day moving average and -75.02% away from the 200-day moving average. The market capitalization of the company currently stands at $84.70M.
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A total of 74.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BGXX stock. A new stake in Bright Green Corporation shares was purchased by ARMISTICE CAPITAL, LLC during the first quarter worth $2,471,000. SABBY MANAGEMENT, LLC invested $2,471,000 in shares of BGXX during the first quarter. In the first quarter, BLACKROCK INC. acquired a new stake in Bright Green Corporation valued at approximately $407,000. VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in BGXX for approximately $194,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. purchased a new stake in BGXX valued at around $92,000 in the second quarter. In total, there are 21 active investors with 8.80% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $0.5300 for Bright Green Corporation (NASDAQ: BGXX). During the past 12 months, Bright Green Corporation has had a low of $0.35 and a high of $58.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for BGXX is $0.5108 and a two-hundred day moving average price translates $2.0688 for the stock.
The latest earnings results from Bright Green Corporation (NASDAQ: BGXX) was released for Jun, 2022.
Bright Green Corporation(BGXX) Company Profile
Bright Green Corporation focuses on the propagation, cultivation, and manufacturing of cannabis products. It intends to offer cannabis products, including cannabis flower, pre-rolls, concentrates, vape pens, capsules, tinctures, edibles, topicals, and other cannabis-related products The company was incorporated in 2019 and is based in Grants, New Mexico.
