In yesterday’s Wall Street session, Rigel Resource Acquisition Corp. (NYSE:RRAC) shares traded at $10.44, up 0.10% from the previous session.
RRAC stock price is now 1.30% away from the 50-day moving average and 3.83% away from the 200-day moving average. The market capitalization of the company currently stands at $391.50M.
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There have been several recent changes in the stakes of large investors in RRAC stock. A new stake in Rigel Resource Acquisition Corp. shares was purchased by CALAMOS ADVISORS LLC during the first quarter worth $20,880,000. SPRING CREEK CAPITAL LLC invested $10,440,000 in shares of RRAC during the first quarter. In the first quarter, HSBC HOLDINGS PLC acquired a new stake in Rigel Resource Acquisition Corp. valued at approximately $3,033,000. LMR PARTNERS LLP acquired a new stake in RRAC for approximately $2,349,000. WESTCHESTER CAPITAL MANAGEMENT, LLC purchased a new stake in RRAC valued at around $1,907,000 in the second quarter. In total, there are 68 active investors with 92.10% ownership of the company’s stock.
Wednesday morning saw Rigel Resource Acquisition Corp. (NYSE: RRAC) opened at $10.43. During the past 12 months, Rigel Resource Acquisition Corp. has had a low of $9.89 and a high of $11.05. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for RRAC is $10.34 and a two-hundred day moving average price translates $10.12 for the stock.
The latest earnings results from Rigel Resource Acquisition Corp. (NYSE: RRAC) was released for Sep, 2022.
Rigel Resource Acquisition Corp.(RRAC) Company Profile
Rigel Resource Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
