Verde Clean Fuels (NASDAQ:VGAS) Posts Quarterly Earnings Results

Key Points

• Verde Clean Fuels (NASDAQ:VGAS) reported quarterly earnings of ($0.07) per share, indicating a loss for the period.
• Shares of VGAS decreased by $0.04 to $2.68 in mid-day trading, with a 52-week range between $2.56 and $4.54.
• Institutional investors hold approximately 15.61% of Verde Clean Fuels' stock, with Creative Planning recently purchasing 10,001 shares valued at about $34,000.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports.

Verde Clean Fuels Price Performance

Shares of VGAS traded down $0.04 during mid-day trading on Thursday, hitting $2.68. 4,227 shares of the company's stock were exchanged, compared to its average volume of 20,854. Verde Clean Fuels has a fifty-two week low of $2.56 and a fifty-two week high of $4.54. The business's 50 day moving average is $3.24 and its two-hundred day moving average is $3.48.

Institutional Investors Weigh In On Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning bought a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,001 shares of the company's stock, valued at approximately $34,000. Institutional investors own 15.61% of the company's stock.

Verde Clean Fuels Company Profile

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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