Mountain Lake Acquisition (NASDAQ:MLAC) Issues Earnings Results

Mountain Lake Acquisition (NASDAQ:MLAC) issued its quarterly earnings data on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Mountain Lake Acquisition Stock Down 0.2%

NASDAQ MLAC traded down $0.02 during trading hours on Friday, reaching $10.59. The company’s stock had a trading volume of 25,948 shares, compared to its average volume of 51,982. The firm has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $10.47. Mountain Lake Acquisition has a 52 week low of $10.14 and a 52 week high of $10.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. TENOR CAPITAL MANAGEMENT Co. L.P. increased its stake in shares of Mountain Lake Acquisition by 300.0% in the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,000,000 shares of the company’s stock valued at $20,800,000 after acquiring an additional 1,500,000 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Mountain Lake Acquisition by 5.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,642,711 shares of the company’s stock valued at $16,920,000 after acquiring an additional 89,253 shares in the last quarter. Pantera Capital Partners LP bought a new stake in shares of Mountain Lake Acquisition in the 4th quarter valued at $7,800,000. Glazer Capital LLC increased its stake in shares of Mountain Lake Acquisition by 9.9% in the 4th quarter. Glazer Capital LLC now owns 686,692 shares of the company’s stock valued at $7,142,000 after acquiring an additional 62,080 shares in the last quarter. Finally, Meteora Capital LLC bought a new stake in shares of Mountain Lake Acquisition in the 4th quarter valued at $6,025,000.

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.