Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, Zacks reports.
Verde Clean Fuels Trading Down 2.1%
Verde Clean Fuels stock traded down $0.06 during midday trading on Tuesday, reaching $2.61. 5,468 shares of the stock traded hands, compared to its average volume of 20,630. The company has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $3.46. The firm has a market cap of $116.05 million, a PE ratio of -6.35 and a beta of -0.47. Verde Clean Fuels has a 12-month low of $2.54 and a 12-month high of $4.54.
Hedge Funds Weigh In On Verde Clean Fuels
A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC grew its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 12.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 94,441 shares of the company's stock after buying an additional 10,335 shares during the quarter. Geode Capital Management LLC owned 0.21% of Verde Clean Fuels worth $325,000 as of its most recent filing with the SEC. Institutional investors own 15.61% of the company's stock.
About Verde Clean Fuels
(
Get Free Report)
Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology.
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