RCF Acquisition (NYSE:RCFA) Stock Price Down 0.1% – Time to Sell?

RCF Acquisition Corp. (NYSE:RCFA)’s share price fell 0.1% on Tuesday . The company traded as low as $11.50 and last traded at $11.50. 75,633 shares were traded during mid-day trading, an increase of 290% from the average session volume of 19,400 shares. The stock had previously closed at $11.51.

RCF Acquisition Trading Down 0.1 %

The firm’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.39.

Hedge Funds Weigh In On RCF Acquisition

Several large investors have recently modified their holdings of RCFA. Cowen AND Company LLC boosted its stake in RCF Acquisition by 247.3% during the second quarter. Cowen AND Company LLC now owns 52,075 shares of the company’s stock worth $590,000 after buying an additional 37,080 shares during the period. Berkley W R Corp boosted its stake in shares of RCF Acquisition by 3.0% during the 1st quarter. Berkley W R Corp now owns 497,514 shares of the company’s stock worth $5,527,000 after purchasing an additional 14,355 shares during the period. Finally, Mizuho Securities USA LLC boosted its stake in shares of RCF Acquisition by 81.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 829,500 shares of the company’s stock worth $9,498,000 after purchasing an additional 372,000 shares during the period. Institutional investors own 24.62% of the company’s stock.

RCF Acquisition Company Profile

RCF Acquisition Corp. does not have significant operations. It focuses to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition. The company was incorporated in 2021 and is based in Denver, Colorado.