Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s share price was down 2.3% on Tuesday . The company traded as low as $4.55 and last traded at $4.73. Approximately 9,047 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 22,732 shares. The stock had previously closed at $4.84.
Verde Clean Fuels Price Performance
The stock's 50 day moving average price is $4.39 and its two-hundred day moving average price is $3.55. The firm has a market capitalization of $157.41 million, a price-to-earnings ratio of -9.65 and a beta of -0.59.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($0.11) earnings per share for the quarter.
Hedge Funds Weigh In On Verde Clean Fuels
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meteora Capital LLC bought a new position in Verde Clean Fuels during the third quarter worth $76,000. Shaolin Capital Management LLC bought a new position in Verde Clean Fuels during the third quarter worth $236,000. K2 Principal Fund L.P. increased its position in Verde Clean Fuels by 5.1% during the third quarter. K2 Principal Fund L.P. now owns 78,810 shares of the company's stock worth $297,000 after acquiring an additional 3,810 shares during the period. Finally, Sanders Morris Harris LLC bought a new stake in Verde Clean Fuels in the 1st quarter valued at $409,000. Institutional investors own 15.61% of the company's stock.
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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