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Tuesday, June 6, 2023

What Are The Chances Of Rigel Resource Acquisition Corp. (NYSE: RRAC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, RRAC falls under the Financial sector while operating within the Shell Companies industry segment. At the end of the last regular session, the stock closed at $10.50 and fluctuated between $10.50 as its day high and $10.49 as its day low. The current market capitalization of Rigel Resource Acquisition Corp. is $393.96M. A total of 0.61 million shares were traded on the day, compared to an average of 147.85K shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RRAC has a high of $11.05 and a low of $9.89.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RRAC’s latest balance sheet shows that the firm has $1.68M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $7.85, while its Total Shareholder’s Equity was $278.22M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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