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Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 3.4% - Time to Sell?

Verde Clean Fuels logo with Oils/Energy background

Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s stock price was down 3.4% on Tuesday . The stock traded as low as $3.65 and last traded at $3.75. Approximately 13,506 shares changed hands during trading, a decline of 31% from the average daily volume of 19,677 shares. The stock had previously closed at $3.88.

Verde Clean Fuels Trading Down 0.5 %

The firm's fifty day moving average price is $4.08 and its 200-day moving average price is $4.09. The firm has a market cap of $119.55 million, a price-to-earnings ratio of -7.46 and a beta of -0.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC boosted its stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,807 shares of the company's stock after acquiring an additional 6,191 shares during the quarter. Geode Capital Management LLC owned about 0.24% of Verde Clean Fuels worth $310,000 as of its most recent filing with the Securities and Exchange Commission. 15.61% of the stock is owned by 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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