Picton Mahoney Asset Management purchased a new position in Rigel Resource Acquisition Corp. (NYSE:RRAC – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company's stock, valued at approximately $2,481,000.
Separately, Landscape Capital Management L.L.C. purchased a new position in shares of Rigel Resource Acquisition during the first quarter worth $873,000. 30.50% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Rigel Resource Acquisition stock opened at $9.98 on Friday. The firm has a fifty day moving average price of $9.97 and a 200 day moving average price of $9.94. Rigel Resource Acquisition Corp. has a 1 year low of $9.75 and a 1 year high of $10.46.
Rigel Resource Acquisition Company Profile
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Rigel Resource Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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