Mountain Lake Acquisition (NASDAQ:MLAC – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.
Mountain Lake Acquisition Stock Performance
Shares of NASDAQ MLAC traded down $0.02 during mid-day trading on Friday, reaching $10.59. The company’s stock had a trading volume of 25,948 shares, compared to its average volume of 51,982. The stock has a fifty day moving average of $10.55 and a two-hundred day moving average of $10.47. Mountain Lake Acquisition has a 52 week low of $10.14 and a 52 week high of $10.69.
Hedge Funds Weigh In On Mountain Lake Acquisition
A number of hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC bought a new position in shares of Mountain Lake Acquisition in the first quarter worth about $158,000. Feynman Point Asset Management LLC bought a new position in shares of Mountain Lake Acquisition in the fourth quarter worth about $1,040,000. TENOR CAPITAL MANAGEMENT Co. L.P. boosted its stake in shares of Mountain Lake Acquisition by 300.0% in the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,000,000 shares of the company’s stock worth $20,800,000 after acquiring an additional 1,500,000 shares during the period. Toronto Dominion Bank boosted its stake in shares of Mountain Lake Acquisition by 144.9% in the fourth quarter. Toronto Dominion Bank now owns 383,695 shares of the company’s stock worth $3,990,000 after acquiring an additional 227,048 shares during the period. Finally, J. Goldman & Co LP bought a new position in shares of Mountain Lake Acquisition in the fourth quarter worth about $4,405,000.
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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