Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 3.1%

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s share price dropped 3.1% during trading on Friday . The stock traded as low as $3.74 and last traded at $3.78. Approximately 4,114 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 21,821 shares. The stock had previously closed at $3.90.

Verde Clean Fuels Trading Down 3.1 %

The stock has a fifty day moving average price of $4.12 and a 200-day moving average price of $4.30. The firm has a market capitalization of $120.69 million, a price-to-earnings ratio of -7.71 and a beta of -0.65.

Verde Clean Fuels (NASDAQ:VGAS) last issued its earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC bought a new position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,200 shares of the company’s stock, valued at approximately $409,000. Sanders Morris Harris LLC owned approximately 0.32% of Verde Clean Fuels at the end of the most recent quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

About Verde Clean Fuels

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.