Blue Gold Limited (NASDAQ:BGL – Get Free Report)’s share price was up 9.5% on Tuesday . The company traded as high as $0.2155 and last traded at $0.2057. 273,470 shares changed hands during trading, a decline of 26% from the average session volume of 368,865 shares. The stock had previously closed at $0.1878.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Blue Gold in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Gold currently has an average rating of “Sell”.
Blue Gold Stock Performance
Blue Gold (NASDAQ:BGL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.48) earnings per share (EPS) for the quarter. On average, research analysts forecast that Blue Gold Limited will post -0.21 earnings per share for the current fiscal year.
Institutional Trading of Blue Gold
A number of institutional investors have recently modified their holdings of BGL. Qube Research & Technologies Ltd bought a new stake in Blue Gold during the 3rd quarter valued at $303,000. Van ECK Associates Corp bought a new position in shares of Blue Gold in the third quarter worth $4,202,000. Quadrature Capital Ltd purchased a new position in shares of Blue Gold in the fourth quarter valued at $65,000. Marshall Wace LLP grew its position in shares of Blue Gold by 195.3% in the fourth quarter. Marshall Wace LLP now owns 82,957 shares of the company’s stock valued at $159,000 after purchasing an additional 54,868 shares in the last quarter. Finally, HRT Financial LP purchased a new position in shares of Blue Gold in the fourth quarter valued at $26,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.
About Blue Gold
Blue Gold Limited is a gold mining company developing a portfolio of assets anchored by the historic Bogoso Prestea Mine in the Ashanti region of Ghana. Blue Gold Limited, formerly known as Perception Capital Corp. IV, is based in NEW YORK.
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