JX Luxventure Group (NASDAQ:JXG – Get Free Report) issued its earnings results on Friday. The company reported ($11.33) earnings per share for the quarter, FiscalAI reports. The business had revenue of $28.88 million during the quarter.
JX Luxventure Group Trading Up 23.9%
Shares of NASDAQ:JXG traded up $1.26 during mid-day trading on Friday, reaching $6.53. 55,781 shares of the company traded hands, compared to its average volume of 2,161. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $5.26. JX Luxventure Group has a 52 week low of $3.01 and a 52 week high of $41.70.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of JX Luxventure Group in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in JX Luxventure Group stock. HRT Financial LP purchased a new position in JX Luxventure Group Inc (NASDAQ:JXG – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group at the end of the most recent reporting period. Institutional investors own 5.32% of the company’s stock.
About JX Luxventure Group
JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.
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