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

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

Crown LNG Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.22 and a quick ratio of 0.22. The company has a 50 day simple moving average of $0.33. The stock has a market capitalization of $21.94 million, a P/E ratio of -0.39 and a beta of -0.11.

Institutional Inflows and Outflows

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

About Crown LNG

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.