Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s stock price dropped 3.1% during trading on Wednesday . The company traded as low as $2.77 and last traded at $2.77. Approximately 3,331 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 20,060 shares. The stock had previously closed at $2.86.
Verde Clean Fuels Stock Performance
The company has a market cap of $122.51 million, a PE ratio of -5.73 and a beta of -0.47. The business's 50-day moving average is $3.29 and its 200 day moving average is $3.50.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Verde Clean Fuels
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new position in Verde Clean Fuels during the second quarter valued at approximately $34,000. JPMorgan Chase & Co. boosted 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 during the period. Northern Trust Corp grew its holdings in shares of Verde Clean Fuels by 37.5% in the fourth quarter. Northern Trust Corp now owns 69,522 shares of the company's stock worth $283,000 after purchasing an additional 18,975 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Verde Clean Fuels by 12.3% during the 2nd quarter. Geode Capital Management LLC now owns 94,441 shares of the company's stock worth $325,000 after purchasing an additional 10,335 shares during the period. Hedge funds and other institutional investors own 15.61% of the company's stock.
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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