RCF Acquisition (NYSE:RCFA) Stock Price Up 0.3% – Here’s What Happened

RCF Acquisition Corp. (NYSE:RCFA) rose 0.3% on Monday . The company traded as high as $11.51 and last traded at $11.51. Approximately 45,100 shares traded hands during mid-day trading, an increase of 126% from the average daily volume of 19,959 shares. The stock had previously closed at $11.47.

RCF Acquisition Price Performance

The stock’s 50 day simple moving average is $11.45 and its two-hundred day simple moving average is $11.36.

Hedge Funds Weigh In On RCF Acquisition

A number of institutional investors have recently modified their holdings of the stock. Berkley W R Corp raised its stake in shares of RCF Acquisition by 3.0% in the first quarter. Berkley W R Corp now owns 497,514 shares of the company’s stock worth $5,527,000 after acquiring an additional 14,355 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of RCF Acquisition by 7.1% in the first quarter. Mizuho Securities USA LLC now owns 160,384 shares of the company’s stock worth $1,764,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Cowen AND Company LLC raised its stake in shares of RCF Acquisition by 247.3% in the second quarter. Cowen AND Company LLC now owns 52,075 shares of the company’s stock worth $590,000 after acquiring an additional 37,080 shares during the last quarter. 24.62% of the stock is 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.