Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) dropped 2.7% during trading on Thursday . The stock traded as low as $2.91 and last traded at $2.91. Approximately 5,014 shares were traded 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 Trading Down 0.3%
The company's 50-day simple moving average is $3.12 and its 200 day simple moving average is $3.39.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) EPS for the quarter.
Hedge Funds Weigh In On Verde Clean Fuels
Several hedge funds and other institutional investors have recently modified their holdings of VGAS. Creative Planning purchased a new position in shares of Verde Clean Fuels in the 2nd quarter valued at approximately $34,000. JPMorgan Chase & Co. raised its position in shares of Verde Clean Fuels by 107.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,492 shares of the company's stock valued at $51,000 after purchasing an additional 6,476 shares during the last quarter. Northern Trust Corp raised its position in shares of Verde Clean Fuels by 37.5% in the 4th quarter. Northern Trust Corp now owns 69,522 shares of the company's stock valued at $283,000 after purchasing an additional 18,975 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 during the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.
About Verde Clean Fuels
(
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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