Australian Oilseeds (NASDAQ:COOT) Shares Up 3% – Here’s What Happened

Australian Oilseeds Holdings Limited (NASDAQ:COOT) rose 3% during trading on Wednesday . The company traded as high as $0.82 and last traded at $0.82. Approximately 2,029 shares were traded during trading, a decline of 95% from the average daily volume of 40,560 shares. The stock had previously closed at $0.79.

Australian Oilseeds Trading Up 3.0%

The company has a debt-to-equity ratio of 21.67, a quick ratio of 0.36 and a current ratio of 0.55. The firm’s 50 day simple moving average is $0.78 and its 200 day simple moving average is $1.06.

Australian Oilseeds (NASDAQ:COOT) last released its earnings results on Friday, May 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $5.91 million for the quarter.

Institutional Trading of Australian Oilseeds

An institutional investor recently bought a new position in Australian Oilseeds stock. HighTower Advisors LLC bought a new stake in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 244,872 shares of the company’s stock, valued at approximately $313,000. HighTower Advisors LLC owned 1.05% of Australian Oilseeds at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Australian Oilseeds Company Profile

Australian Oilseeds Holdings Ltd. engages in the manufacture and sale oil seeds through its subsidiaries. It focuses on acquiring, engaging in a share exchange, share reconstruction, and amalgamation with, purchasing all or substantially all the assets of, entering contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.