Verde Clean Fuels (NASDAQ:VGAS – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, Zacks reports.
Verde Clean Fuels Stock Performance
Shares of NASDAQ VGAS traded down $0.09 during midday trading on Monday, hitting $1.69. 27,846 shares of the stock traded hands, compared to its average volume of 37,213. The firm has a 50-day moving average of $1.67 and a two-hundred day moving average of $2.12. The firm has a market capitalization of $75.29 million, a P/E ratio of -4.45 and a beta of -0.33. Verde Clean Fuels has a one year low of $0.92 and a one year high of $3.92.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Verde Clean Fuels has an average rating of “Sell”.
Institutional Trading of Verde Clean Fuels
A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC increased its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS – Free Report) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,441 shares of the company’s stock after purchasing an additional 10,335 shares during the quarter. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.
Verde Clean Fuels Company Profile
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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.
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