Verde Clean Fuels, Inc. (NASDAQ:VGAS – Get Free Report) shares were down 2.8% during mid-day trading on Tuesday. The stock traded as low as $1.0250 and last traded at $1.04. 12,712 shares were traded during mid-day trading, a decline of 29% from the average session volume of 17,931 shares. The stock had previously closed at $1.07.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Research Report on VGAS
Verde Clean Fuels Price Performance
The business’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $1.40. The company has a market capitalization of $44.55 million, a price-to-earnings ratio of -3.12 and a beta of -0.25.
Verde Clean Fuels (NASDAQ:VGAS – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter.
Verde Clean Fuels Company Profile
Verde Clean Fuels, Inc (NASDAQ:VGAS) is a renewable fuels company focused on producing gasoline from synthesis gas, or syngas, derived from carbon-based feedstocks. The company is commercializing its proprietary STG+ technology, which is designed to convert syngas into liquid hydrocarbons suitable for use as gasoline.
Verde’s technology may be applied to a range of feedstocks, including renewable biomass, municipal solid waste and other carbon-containing materials. By converting these resources into gasoline-range products, the company aims to support lower-carbon fuel production while providing an alternative to conventional petroleum-based refining.
The company is developing commercial projects and partnerships intended to deploy its technology in the United States and other potential markets.
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