Mudrick Capital Acquisition Corporation (MUDS) Might Be Poised For A Short Term Move

Mudrick Capital Acquisition Corporation (MUDS) has seen some recent activity in the stock market and its shares closed at $10.43 yesterday. Traders are starting to take notice of MUDS as the shares traded as high as $10.45 and as low as $10.43 in the last market trading day.

Mudrick Capital Acquisition Corporation (MUDS) average trading volume is 41.80K. However, in the last market trading day Mudrick Capital Acquisition Corporation (MUDS) exchanged 202,827 shares. The 1st support level on MUDS is $10.31 and the 1st resistance level on MUDS is $10.58. MUDS 50 day moving average is $10.34 and MUDS 200 day moving average is $10.32.

Mudrick Capital Acquisition Corporation (MUDS) recent performance has been indicated by the recent movement in MUDS shares. MUDS has performed 0.77% over the past month, MUDS has performed 0.68% over the past 90 days and MUDS has shown 6.00% over the past 1 year. Mudrick Capital Acquisition Corporation (MUDS) has a 52 week range of $7.35 to $10.64. Mudrick Capital Acquisition Corporation (MUDS) is trading 41.90% from its 52 week low and -1.97% from its 52 week high. Mudrick Capital Acquisition Corporation (MUDS) is displaying a 0.10% short float displaying the quantity short in the float.

MUDS has 6.91M shares outstanding and 6.91M shares in the float. Mudrick Capital Acquisition Corporation (MUDS) at this time has a market cap of $72.06M. The market cap of Mudrick Capital Acquisition Corporation (MUDS) at $72.06M signifies how many Traders own shares of MUDS and is calculated off the last price ($10.43) of MUDS and the quantity of shares outstanding (6.91M) with Mudrick Capital Acquisition Corporation (MUDS).

Mudrick Capital Acquisition Corporation (MUDS) has aggregate cash (mrq) of 12.64k, aggregate cash per share (mrq) of 0, aggregate debt of MUDS rests at 600k and aggregate debt/equity (mrq) is 12.00. Mudrick Capital Acquisition Corporation (MUDS) operating cash flow (ttm) is -2.76M and MUDS leveraged free cash flow (ttm) is -547.17k.

MUDS is trading 0.70% above (bullish) its SMA20, 1.27% above (bullish) its SMA50 and 1.89% above (bullish) its SMA200.

Recent News:

In recent news, on January 14, 2020, it is stated, Financing Package Provides Platform for Hycroft’s Continued Ramp-Up to its Feasibility Study Levels Mudrick Capital Acquisition Corporation (NASDAQ: MUDS, MUDSU and MUDSW) (“MUDS”), a publicly traded blank check company, and Hycroft Mining Corporation (“Hycroft”), a US-based, gold and silver producer operating the Hycroft mine located in the world-class mining region of Northern Nevada, today announced that they have entered into a definitive purchase agreement, under which Hycroft will sell all of the equity interests of Hycroft’s subsidiaries and substantially all of its other assets to MUDS, and MUDS will discharge and pay or assume certain of Hycroft’s liabilities. Following the closing of the transaction, Hycroft will be listed on the Nasdaq Stock Exchange under the ticker symbol “HYMC.”

About Mudrick Capital Acquisition Corporation (MUDS):

Mudrick Capital Acquisition Corporation is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Mudrick Capital Acquisition Corporation is based in New York.