Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 3.1%

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s stock price traded down 3.1% during mid-day trading on Friday . The stock traded as low as $3.74 and last traded at $3.78. 4,114 shares were traded during trading, a decline of 81% from the average session volume of 21,821 shares. The stock had previously closed at $3.90.

Verde Clean Fuels Trading Down 3.1 %

The company has a market capitalization of $120.69 million, a P/E ratio of -7.71 and a beta of -0.65. The stock has a 50 day moving average price of $4.12 and a 200 day moving average price of $4.29.

Verde Clean Fuels (NASDAQ:VGAS) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Institutional Trading of Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC acquired a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,200 shares of the company’s stock, valued at approximately $409,000. Sanders Morris Harris LLC owned about 0.32% of Verde Clean Fuels at the end of the most recent reporting period. 15.61% of the stock is owned by institutional investors and hedge funds.

About Verde Clean Fuels

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.