ArcLight Clean Transition Corp. (OTCMKTS:ACTCU – Get Free Report) shares were down 5.5% on Thursday. The company traded as low as $21.20 and last traded at $21.20. 3,100 shares were traded during trading, a decline of 97% from the average session volume of 88,985 shares. The stock had previously closed at $22.44.
ArcLight Clean Transition Trading Down 5.5%
The firm has a fifty day simple moving average of $21.20 and a 200-day simple moving average of $21.20.
ArcLight Clean Transition Company Profile
ArcLight Clean Transition Corp. was a special purpose acquisition company (SPAC) formed to pursue a business combination with a company operating in the clean energy, energy transition, and sustainability sectors. The company did not conduct traditional operating activities or sell products and services of its own; its primary purpose was to raise capital through a public offering and identify a target business.
ArcLight Clean Transition Corp. was sponsored by an affiliate of ArcLight Capital Partners, an investment firm focused on energy and infrastructure.
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