Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s stock price traded down 3.1% during mid-day trading on Tuesday . The stock traded as low as $3.36 and last traded at $3.49. 13,052 shares were traded 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 Price Performance
The company has a market capitalization of $143.45 million, a price-to-earnings ratio of -6.71 and a beta of -0.45. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.59.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.08) earnings per share for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Verde Clean Fuels stock. JPMorgan Chase & Co. lifted its position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 107.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,492 shares of the company's stock after purchasing an additional 6,476 shares during the quarter. JPMorgan Chase & Co.'s holdings in Verde Clean Fuels were worth $51,000 as of its most recent filing with the Securities and Exchange Commission. 15.61% of the stock is currently owned by institutional investors.
About Verde Clean Fuels
(
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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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