Black Hawk Acquisition Co. (NASDAQ:BKHAR – Get Free Report) shares fell 13.9% during mid-day trading on Thursday. The company traded as low as $1.25 and last traded at $1.2650. Approximately 29,075 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 9,607 shares. The stock had previously closed at $1.47.
Black Hawk Acquisition Stock Performance
The firm’s 50 day simple moving average is $1.41 and its 200 day simple moving average is $1.43.
About Black Hawk Acquisition
Black Hawk Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses. The company does not have significant ongoing commercial operations of its own and was established primarily to raise capital for a future transaction.
Its securities trade on the Nasdaq under the symbol BKHAR, which represents the company’s units. These units generally consist of shares of common stock and redeemable warrants, although the specific terms are described in the company’s offering documents.
Black Hawk Acquisition has not publicly identified a completed acquisition or an operating business providing products or services.
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