Verde Clean Fuels (NASDAQ:VGAS) Shares Down 3.4% – Here’s Why

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s stock price was down 3.4% during trading on Tuesday . The stock traded as low as $3.65 and last traded at $3.75. Approximately 13,506 shares were traded during trading, a decline of 31% from the average daily volume of 19,677 shares. The stock had previously closed at $3.88.

Verde Clean Fuels Stock Down 0.5 %

The business’s 50-day moving average is $4.07 and its two-hundred day moving average is $4.08. The stock has a market capitalization of $119.55 million, a PE ratio of -7.46 and a beta of -0.60.

Institutional Trading of Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC grew its position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,807 shares of the company’s stock after acquiring an additional 6,191 shares during the quarter. Geode Capital Management LLC owned about 0.24% of Verde Clean Fuels worth $310,000 at the end of the most recent reporting period. 15.61% of the stock is currently owned by hedge funds and other 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.