Verde Clean Fuels (NASDAQ:VGAS) Shares Up 0.3% – Here’s Why

Verde Clean Fuels, Inc. (NASDAQ:VGAS) rose 0.3% on Friday . The stock traded as high as $3.51 and last traded at $3.43. Approximately 4,344 shares were traded during trading, a decline of 70% from the average daily volume of 14,338 shares. The stock had previously closed at $3.42.

Verde Clean Fuels Stock Performance

The stock has a market cap of $152.81 million, a P/E ratio of -6.86 and a beta of -0.49. The firm has a 50 day moving average of $3.67 and a two-hundred day moving average of $3.89.

Verde Clean Fuels (NASDAQ:VGAS) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.14) earnings per share for the quarter.

Institutional Trading of Verde Clean Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 valued at $51,000 after buying an additional 6,476 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Verde Clean Fuels during the fourth quarter valued at about $62,000. Northern Trust Corp raised its holdings in 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 acquiring an additional 18,975 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Verde Clean Fuels by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 77,807 shares of the company’s stock worth $310,000 after acquiring an additional 6,191 shares during the period. 15.61% of the stock is currently owned by institutional investors and hedge funds.

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.