Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) dropped 2.7% during mid-day trading on Thursday . The stock traded as low as $2.91 and last traded at $2.91. Approximately 5,014 shares traded hands during trading, a decline of 65% from the average daily volume of 14,532 shares. The stock had previously closed at $2.99.
Verde Clean Fuels Stock Up 3.6%
The stock has a market capitalization of $129.20 million, a PE ratio of -7.07 and a beta of -0.47. The firm's fifty day moving average is $3.08 and its 200-day moving average is $3.37.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Verde Clean Fuels
Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in Verde Clean Fuels by 37.5% during the 4th quarter. Northern Trust Corp now owns 69,522 shares of the company's stock valued at $283,000 after acquiring an additional 18,975 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Verde Clean Fuels by 107.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,492 shares of the company's stock valued at $51,000 after acquiring an additional 6,476 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Verde Clean Fuels by 12.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,441 shares of the company's stock valued at $325,000 after purchasing an additional 10,335 shares in the last quarter. Finally, Creative Planning purchased a new position in Verde Clean Fuels in the 2nd quarter valued at about $34,000. 15.61% of the stock is currently owned by hedge funds and other institutional investors.
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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