Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 3.1% - Time to Sell?

Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) fell 3.1% during trading on Tuesday . The company traded as low as $3.36 and last traded at $3.49. 13,052 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 13,349 shares. The stock had previously closed at $3.60.

Verde Clean Fuels Stock Down 3.1%

The stock has a 50-day moving average of $3.44 and a 200 day moving average of $3.61. The stock has a market cap of $155.48 million, a PE ratio of -7.27 and a beta of -0.45.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.08) EPS for the quarter.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Northern Trust Corp increased its holdings in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 37.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,522 shares of the company's stock after buying an additional 18,975 shares during the period. Northern Trust Corp owned about 0.22% of Verde Clean Fuels worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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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