Keyarch Acquisition (NASDAQ:KYCHU) Stock Price Down 47.4%

Keyarch Acquisition Co. (NASDAQ:KYCHU) shares were down 47.4% during mid-day trading on Thursday . The company traded as low as $4.00 and last traded at $4.23. Approximately 5,200 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 1,764 shares. The stock had previously closed at $8.04.

Keyarch Acquisition Stock Down 47.4 %

The business has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $10.27.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KYCHU. UBS Group AG acquired a new position in shares of Keyarch Acquisition in the first quarter valued at approximately $25,000. Spring Creek Capital LLC purchased a new stake in shares of Keyarch Acquisition in the first quarter valued at approximately $3,530,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of Keyarch Acquisition in the first quarter valued at approximately $4,008,000.

Keyarch Acquisition Company Profile

Keyarch Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on disruptive technology and innovative services companies worldwide.