CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report)’s share price shot up 0.5% during trading on Thursday. The company traded as high as $0.49 and last traded at $0.4802. 37,926 shares were traded during trading, a decline of 92% from the average session volume of 465,631 shares. The stock had previously closed at $0.4778.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on CNEY
CN Energy Group. Trading Up 0.5%
The company has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.71.
Institutional Trading of CN Energy Group.
A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. at the end of the most recent reporting period. 7.64% of the stock is currently owned by institutional investors.
About CN Energy Group.
CN Energy Group Inc (NASDAQ:CNEY) is a China-based company focused primarily on the production and sale of wood-based activated carbon. Activated carbon is a porous material used to absorb impurities and is commonly applied in water purification, food and beverage processing, pharmaceutical manufacturing, and other industrial applications.
The company also develops and operates biomass-based cogeneration facilities. These facilities use biomass materials to generate electricity and heat, supporting the company’s broader focus on converting forest and agricultural resources into useful energy and industrial products.
CN Energy Group was incorporated in the Cayman Islands and conducts its principal operations through subsidiaries in China.
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