African Gold Acquisition (NYSE:AGAC) Reaches New 12-Month High at $9.89

African Gold Acquisition Co. (NYSE:AGACGet Rating) reached a new 52-week high during trading on Thursday . The company traded as high as $9.89 and last traded at $9.85, with a volume of 497443 shares traded. The stock had previously closed at $9.83.

African Gold Acquisition Stock Performance

The business’s 50-day moving average price is $9.81 and its 200 day moving average price is $9.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGAC. Hsbc Holdings PLC acquired a new stake in shares of African Gold Acquisition in the 1st quarter valued at about $11,384,000. Bank of America Corp DE bought a new position in African Gold Acquisition during the 1st quarter worth approximately $1,922,000. Mint Tower Capital Management B.V. acquired a new position in shares of African Gold Acquisition in the 2nd quarter worth approximately $1,155,000. Bank of Montreal Can increased its holdings in shares of African Gold Acquisition by 25.8% in the 4th quarter. Bank of Montreal Can now owns 488,057 shares of the company’s stock valued at $4,768,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Saba Capital Management L.P. boosted its holdings in African Gold Acquisition by 3.2% in the first quarter. Saba Capital Management L.P. now owns 1,418,509 shares of the company’s stock worth $13,916,000 after purchasing an additional 44,106 shares during the period. Hedge funds and other institutional investors own 81.56% of the company’s stock.

African Gold Acquisition Company Profile

(Get Rating)

African Gold Acquisition Corporation does not have significant operations. The company focuses on effecting a merger or mergers, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. African Gold Acquisition Corporation was incorporated in 2020 and is based in New York, New York.

Further Reading

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