CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.53 and traded as low as $10.51. CO2 Energy Transition shares last traded at $10.5150, with a volume of 13,114 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Research Report on CO2 Energy Transition
CO2 Energy Transition Stock Performance
The stock has a 50-day moving average of $10.63 and a 200-day moving average of $10.53. The firm has a market cap of $39.06 million, a price-to-earnings ratio of 70.00 and a beta of -0.10.
CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.
Institutional Trading of CO2 Energy Transition
A hedge fund recently bought a new position in CO2 Energy Transition stock. Sona Asset Management US LLC acquired a new stake in CO2 Energy Transition Corp. (NASDAQ:NOEM – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,019 shares of the company’s stock, valued at approximately $2,613,000. Sona Asset Management US LLC owned 2.63% of CO2 Energy Transition as of its most recent SEC filing.
CO2 Energy Transition Company Profile
CO2 Energy Transition Corp. (NASDAQ: NOEM) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company involved in the energy transition. Rather than operating an established commercial business, the company was created to pursue a merger, share exchange, asset acquisition, or similar transaction.
Its stated focus is on businesses supporting decarbonization and the transition toward lower-carbon energy systems. Potential areas of interest may include renewable energy, clean fuels, energy efficiency, electrification, carbon reduction technologies, and related infrastructure, although the company’s specific target and operating activities depend on any transaction it completes.
CO2 Energy Transition Corp.
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