Energem Corp. (NASDAQ:ENCP – Get Free Report)’s stock price was down 0.9% during trading on Thursday . The company traded as low as $4.30 and last traded at $4.34. Approximately 7,413 shares changed hands during trading, a decline of 90% from the average daily volume of 77,740 shares. The stock had previously closed at $4.38.
Energem Stock Performance
The firm has a market capitalization of $14.77 million, a price-to-earnings ratio of 72.33 and a beta of -0.12. The firm’s 50-day moving average price is $6.31 and its two-hundred day moving average price is $8.88.
About Energem
Energem Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus a target business operating in the oil and gas and other potential renewable energy business, as well as other adjacent services, including industrials and technologies.
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