Pelican Acquisition Corp (NASDAQ: PELIU) has seen a rise in its stock price by 0.10 in relation to its previous close of 10.10. However, the company has experienced a 0.80% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-06-10 that NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Pelican Acquisition Corporation (NASDAQ: PELI, the “Company”), a Cayman Islands exempted company, announced that holders of its 8,625,000 units sold in the Company’s initial public offering may elect to separately trade the ordinary shares and rights included in the units, commencing on or about June 12, 2025.
Is It Worth Investing in Pelican Acquisition Corp (NASDAQ: PELIU) Right Now?
The public float for PELIU is 8.72M and currently, short sellers hold a 0.88% ratio of that float. The average trading volume of PELIU on June 12, 2025 was 403.18K shares.
PELIU’s Market Performance
The simple moving average for the last 20 days is 0.69% for PELIU stock, with a simple moving average of 0.69% for the last 200 days.
PELIU Trading at 0.69% from the 50-Day Moving Average
After a stumble in the market that brought PELIU to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.10% of gains for the given period.
Conclusion
In conclusion, Pelican Acquisition Corp (PELIU) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
