Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) dropped 3.7% during mid-day trading on Monday . The stock traded as low as $3.26 and last traded at $3.43. Approximately 20,713 shares changed hands during trading, an increase of 50% from the average daily volume of 13,769 shares. The stock had previously closed at $3.56.
Verde Clean Fuels Stock Performance
The firm has a market capitalization of $160.38 million, a price-to-earnings ratio of -7.50 and a beta of -0.46. The business has a fifty day moving average price of $3.40 and a 200 day moving average price of $3.65.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.08) EPS for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Verde Clean Fuels stock. Northern Trust Corp raised its position in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,522 shares of the company's stock after buying an additional 18,975 shares during the period. Northern Trust Corp owned approximately 0.22% of Verde Clean Fuels worth $283,000 at the end of the most recent quarter. Institutional investors own 15.61% of the company's stock.
Verde Clean Fuels Company Profile
(
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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