Verde Clean Fuels (NASDAQ:VGAS) Stock Price Up 1% – Still a Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was up 1% on Wednesday. The company traded as high as $1.02 and last traded at $1.01. Approximately 6,060 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 11,491 shares. The stock had previously closed at $1.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Verde Clean Fuels has a consensus rating of “Sell”.

Verde Clean Fuels Stock Performance

The company has a market cap of $45.00 million, a price-to-earnings ratio of -3.16 and a beta of -0.25. The firm’s 50 day simple moving average is $1.15 and its 200-day simple moving average is $1.43.

Verde Clean Fuels (NASDAQ:VGAS) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.04) EPS for the quarter.

About Verde Clean Fuels

Verde Clean Fuels, Inc develops and commercializes technology designed to produce gasoline from synthesis gas, or syngas. Its proprietary STG+ process converts syngas into gasoline and other hydrocarbon products that can be used as drop-in fuels with existing engines and fuel infrastructure.

The company’s technology is intended to support the conversion of a range of feedstocks, including renewable natural gas, biomass, municipal solid waste and other carbon-containing resources, into transportation fuels.