RCF Acquisition (NYSE:RCFA) Trading Up 0.2%

RCF Acquisition Corp. (NYSE:RCFA)’s share price was up 0.2% during trading on Wednesday . The company traded as high as $11.20 and last traded at $11.20. Approximately 1,304 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 12,989 shares. The stock had previously closed at $11.18.

RCF Acquisition Price Performance

The stock has a 50-day moving average price of $11.10 and a two-hundred day moving average price of $11.02.

Institutional Investors Weigh In On RCF Acquisition

Hedge funds have recently made changes to their positions in the company. Cable Car Capital LLC bought a new stake in RCF Acquisition in the fourth quarter worth $2,196,000. Westchester Capital Management LLC boosted its holdings in RCF Acquisition by 13.3% in the third quarter. Westchester Capital Management LLC now owns 1,312,811 shares of the company’s stock worth $14,362,000 after acquiring an additional 153,870 shares in the last quarter. Finally, Cowen AND Company LLC bought a new stake in RCF Acquisition in the third quarter worth $871,000. 24.62% of the stock is currently owned by institutional investors.

About RCF Acquisition

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.