Oxus Acquisition (NASDAQ:OXUS) Trading 2.5% Higher

Oxus Acquisition Corp. (NASDAQ:OXUS) shot up 2.5% during trading on Wednesday . The stock traded as high as $4.04 and last traded at $4.04. 533 shares traded hands during trading, a decline of 99% from the average session volume of 38,372 shares. The stock had previously closed at $3.94.

Oxus Acquisition Price Performance

The business’s 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $9.61. The stock has a market cap of $26.25 million, a P/E ratio of -19.05 and a beta of 0.01.

Institutional Investors Weigh In On Oxus Acquisition

An institutional investor recently raised its position in Oxus Acquisition stock. Mizuho Securities USA LLC increased its stake in Oxus Acquisition Corp. (NASDAQ:OXUS) by 481.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 201,335 shares of the company’s stock after purchasing an additional 166,737 shares during the quarter. Mizuho Securities USA LLC owned about 3.07% of Oxus Acquisition worth $2,247,000 at the end of the most recent quarter. 28.29% of the stock is owned by institutional investors and hedge funds.

Oxus Acquisition Company Profile

Oxus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus its search on targets in the energy transition technologies, such as battery materials, energy storage, electric vehicle infrastructure, and advanced recycling in emerging/frontier countries, including the Commonwealth of Independent States, South and South-East Asia, the Middle East, and North Africa regions.