Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS – Get Free Report) dropped 2.9% during trading on Monday . The stock traded as low as $3.96 and last traded at $4.01. Approximately 7,522 shares traded hands during trading, a decline of 40% from the average daily volume of 12,508 shares. The stock had previously closed at $4.13.
Verde Clean Fuels Stock Down 2.9 %
The stock has a fifty day moving average of $3.91 and a 200-day moving average of $3.97. The firm has a market capitalization of $128.52 million, a P/E ratio of -8.02 and a beta of -0.62.
Hedge Funds Weigh In On Verde Clean Fuels
Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Verde Clean Fuels by 8.6% during the third quarter. Geode Capital Management LLC now owns 77,807 shares of the company’s stock valued at $310,000 after purchasing an additional 6,191 shares during the last quarter. Northern Trust Corp increased its stake in shares of Verde Clean Fuels by 37.5% in the 4th quarter. Northern Trust Corp now owns 69,522 shares of the company’s stock valued at $283,000 after buying an additional 18,975 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Verde Clean Fuels in the 4th quarter valued at $62,000. Finally, JPMorgan Chase & Co. raised its position in shares of Verde Clean Fuels by 107.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,492 shares of the company’s stock worth $51,000 after acquiring an additional 6,476 shares during the last quarter. 15.61% of the stock is owned by institutional investors.
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.
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