Verde Clean Fuels (NASDAQ:VGAS) Trading Up 1.7% – Time to Buy?

Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) rose 1.7% during trading on Thursday . The stock traded as high as $4.22 and last traded at $4.22. Approximately 2,017 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 18,933 shares. The stock had previously closed at $4.15.

Verde Clean Fuels Stock Up 1.7 %

The company has a market capitalization of $135.25 million, a P/E ratio of -8.44 and a beta of -0.66. The business’s 50-day moving average is $4.12 and its two-hundred day moving average is $4.22.

Institutional Trading of Verde Clean Fuels

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC raised its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,807 shares of the company’s stock after acquiring an additional 6,191 shares during the quarter. Geode Capital Management LLC owned approximately 0.24% of Verde Clean Fuels worth $310,000 as of its most recent filing with the Securities & Exchange Commission. 15.61% of the stock is owned by institutional investors and hedge funds.

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.