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Does Bright Green Corporation (NASDAQ:BGXX) Look Expensive At $0.56? Here’s How To Know.

In last trading session, Bright Green Corporation (NASDAQ:BGXX) saw 0.14 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.56 trading at $0.02 or 3.93% at ring of the bell on the day assigns it a market valuation of $89.58M. That closing price of BGXX’s stock is at a discount of -10257.14% from its 52-week high price of $58.00 and is indicating a premium of 21.43% from its 52-week low price of $0.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 2.35 million if we extend that period to 3-months.

Bright Green Corporation (NASDAQ:BGXX) trade information

Upright in the green during last session for gaining 3.93%, in the last five days BGXX remained trading in the green while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $0.56 price level, adding 6.26% to its value on the day. Bright Green Corporation’s shares saw a change of -97.78% in year-to-date performance and have moved 3.61% in past 5-day. Bright Green Corporation (NASDAQ:BGXX) showed a performance of 1.82% in past 30-days. Number of shares sold short was 1.76 million shares which calculate 1.49 days to cover the short interests.

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BGXX Dividends

Bright Green Corporation is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Bright Green Corporation (NASDAQ:BGXX)’s Major holders

Insiders are in possession of 68.29% of company’s total shares while institution are holding 2.44 percent of that, with stock having share float percentage of 7.69%. Investors also watch the number of corporate investors in a company very closely, which is 2.44% institutions for Bright Green Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at BGXX for having 2.88 million shares of worth $6.39 million. And as of Jun 29, 2022, it was holding 1.70% of the company’s outstanding shares.

The second largest institutional holder is Millennium Management Llc, which was holding about 0.28 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 0.16% of outstanding shares, having a total worth of $0.61 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.16 million shares of worth $2.57 million or 0.68% of the total outstanding shares. The later fund manager was in possession of 1.02 million shares on Jun 29, 2022, making its stake of worth around $2.26 million in the company or a holder of 0.60% of company’s stock.

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