Mega Matrix Corp. (NYSEAMERICAN:MTMT – Get Rating) was up 1.8% on Monday . The stock traded as high as $1.71 and last traded at $1.68. Approximately 43,178 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 518,382 shares. The stock had previously closed at $1.65.
The stock has a market capitalization of $37.10 million, a price-to-earnings ratio of -0.48 and a beta of 3.90.
An institutional investor recently bought a new position in Mega Matrix stock. Geode Capital Management LLC purchased a new position in Mega Matrix Corp. (NYSEAMERICAN:MTMT – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,391 shares of the company’s stock, valued at approximately $680,000. Geode Capital Management LLC owned approximately 0.05% of Mega Matrix as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.46% of the company’s stock.
Mega Matrix Corp., through its subsidiary, JetFleet Corp., operates as an independent aircraft lessor and finance company specializing in regional aircraft and related engines. The company, through its other subsidiary, Mega Metaverse Corp., engaging in GameFi business in the metaverse ecosystem. The company was formerly known as AeroCentury Corp.
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