Mountain Lake Acquisition (NASDAQ:MLAC) Shares Down 0.1% – Here’s What Happened

Mountain Lake Acquisition Corp. (NASDAQ:MLAC) dropped 0.1% on Tuesday . The company traded as low as $10.59 and last traded at $10.59. Approximately 59,827 shares were traded during mid-day trading, an increase of 103% from the average daily volume of 29,499 shares. The stock had previously closed at $10.60.

Mountain Lake Acquisition Stock Down 0.1%

The stock has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.48.

Mountain Lake Acquisition (NASDAQ:MLAC) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Mountain Lake Acquisition

Institutional investors have recently bought and sold shares of the company. Clear Street Group Inc. bought a new stake in Mountain Lake Acquisition during the third quarter valued at $40,000. Rangeley Capital LLC bought a new stake in Mountain Lake Acquisition during the first quarter valued at $158,000. Radcliffe Capital Management L.P. bought a new stake in Mountain Lake Acquisition during the second quarter valued at $994,000. Feynman Point Asset Management LLC bought a new stake in Mountain Lake Acquisition during the fourth quarter valued at $1,040,000. Finally, Quarry LP bought a new stake in Mountain Lake Acquisition during the fourth quarter valued at $1,560,000.

About Mountain Lake Acquisition

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.