MAC Copper Limited (NYSE:MTAL – Get Free Report) was up 0.4% on Wednesday . The stock traded as high as $10.18 and last traded at $10.1860. 2,486 shares were traded during mid-day trading, a decline of 92% from the average session volume of 30,795 shares. The stock had previously closed at $10.15.
MAC Copper Stock Performance
The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $10.15 and its 200-day moving average price is $11.39.
Institutional Trading of MAC Copper
Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of MAC Copper by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 257,397 shares of the company’s stock worth $2,456,000 after buying an additional 86,197 shares during the period. Creative Planning increased its holdings in shares of MAC Copper by 166.8% in the second quarter. Creative Planning now owns 27,886 shares of the company’s stock valued at $337,000 after purchasing an additional 17,434 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of MAC Copper by 254.5% in the second quarter. JPMorgan Chase & Co. now owns 92,820 shares of the company’s stock valued at $1,122,000 after purchasing an additional 66,636 shares during the period. Legal & General Group Plc lifted its holdings in shares of MAC Copper by 135.5% during the second quarter. Legal & General Group Plc now owns 11,661 shares of the company’s stock worth $141,000 after purchasing an additional 6,709 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of MAC Copper by 45.1% during the second quarter. Rhumbline Advisers now owns 92,431 shares of the company’s stock worth $1,117,000 after purchasing an additional 28,735 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.
About MAC Copper
Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.
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