GABELLI & Co INVESTMENT ADVISERS INC. Invests $312,000 in Mars Acquisition Corp. (NASDAQ:MARXU)

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Mars Acquisition Corp. (NASDAQ:MARXU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,200 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MARXU. MMCAP International Inc. SPC purchased a new stake in Mars Acquisition during the first quarter worth $1,808,000. Yakira Capital Management Inc. acquired a new stake in shares of Mars Acquisition during the 1st quarter valued at about $1,554,000. Spartan Fund Management Inc. acquired a new stake in shares of Mars Acquisition during the 1st quarter valued at about $1,292,000. Picton Mahoney Asset Management acquired a new position in Mars Acquisition in the 1st quarter worth about $830,000. Finally, Clear Street LLC purchased a new position in Mars Acquisition during the first quarter worth approximately $562,000.

Mars Acquisition Stock Down 1.2 %

Shares of Mars Acquisition stock traded down $0.13 on Friday, reaching $10.67. The company’s stock had a trading volume of 263 shares, compared to its average volume of 18,515. The stock has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.50. Mars Acquisition Corp. has a 52-week low of $10.16 and a 52-week high of $11.51.

Mars Acquisition Profile

Mars Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on opportunities in cryptocurrency and blockchain, automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and artificial intelligence, specialty manufacturing, and other related technology innovations market.