Crown LNG (NASDAQ:CGBS) Stock Price Down 6.1% – What’s Next?

Crown LNG Holdings Ltd (NASDAQ:CGBS)’s share price dropped 6.1% during mid-day trading on Wednesday . The stock traded as low as $0.29 and last traded at $0.31. Approximately 522,220 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,301,365 shares. The stock had previously closed at $0.32.

Crown LNG Price Performance

The company has a 50-day simple moving average of $0.33. The firm has a market capitalization of $21.05 million, a P/E ratio of -0.35 and a beta of -0.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.22 and a current ratio of 0.22.

Institutional Investors Weigh In On Crown LNG

An institutional investor recently bought a new position in Crown LNG stock. Polar Asset Management Partners Inc. bought a new stake in Crown LNG Holdings Ltd (NASDAQ:CGBS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,620 shares of the company’s stock, valued at approximately $25,000. Polar Asset Management Partners Inc. owned 0.13% of Crown LNG at the end of the most recent quarter. Hedge funds and other institutional investors own 21.88% of the company’s stock.

Crown LNG Company Profile

Crown LNG Holdings Limited develops and delivers tailored offshore liquefied natural gas (LNG) liquefaction and regasification terminal infrastructure solutions for harsh weather locations. The company is based in St Helier, Jersey.