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AltEnergy Acquisition (NASDAQ:AEAE) Shares Up 7.3% - Still a Buy?

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Shares of AltEnergy Acquisition Corp. (NASDAQ:AEAE - Get Free Report) shot up 7.3% during mid-day trading on Thursday . The company traded as high as $11.72 and last traded at $11.72. 4,008 shares were traded during trading, a decline of 27% from the average session volume of 5,506 shares. The stock had previously closed at $10.92.

AltEnergy Acquisition Price Performance

The stock has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $11.09.

About AltEnergy Acquisition

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AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.

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