Picton Mahoney Asset Management Boosts Stake in Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR)

Picton Mahoney Asset Management raised its position in shares of Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) by 78.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140,000 shares of the company’s stock after buying an additional 500,000 shares during the quarter. Picton Mahoney Asset Management owned about 6.53% of Project Energy Reimagined Acquisition worth $12,050,000 as of its most recent SEC filing.

Separately, Robinson Capital Management LLC bought a new position in Project Energy Reimagined Acquisition during the third quarter valued at $848,000. 95.52% of the stock is owned by institutional investors.

Project Energy Reimagined Acquisition Stock Performance

Shares of Project Energy Reimagined Acquisition stock traded up $0.05 during trading hours on Tuesday, reaching $9.20. The company’s stock had a trading volume of 19,765 shares, compared to its average volume of 72,521. The firm has a 50 day moving average price of $10.03 and a 200-day moving average price of $10.39. Project Energy Reimagined Acquisition Corp. has a one year low of $7.40 and a one year high of $15.00.

About Project Energy Reimagined Acquisition

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector.