Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS – Get Free Report) shot up 1% on Wednesday. The stock traded as high as $1.02 and last traded at $1.01. 6,060 shares were traded during mid-day trading, a decline of 47% from the average session volume of 11,491 shares. The stock had previously closed at $1.00.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Verde Clean Fuels presently has an average rating of “Sell”.
Read Our Latest Report on VGAS
Verde Clean Fuels Trading Up 1.1%
The firm’s 50-day simple moving average is $1.14 and its 200 day simple moving average is $1.42.
Verde Clean Fuels (NASDAQ:VGAS – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter.
About Verde Clean Fuels
Verde Clean Fuels, Inc develops and commercializes technology designed to produce gasoline from synthesis gas, or syngas. Its proprietary STG+ process converts syngas into gasoline and other hydrocarbon products that can be used as drop-in fuels with existing engines and fuel infrastructure.
The company’s technology is intended to support the conversion of a range of feedstocks, including renewable natural gas, biomass, municipal solid waste and other carbon-containing resources, into transportation fuels.
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