ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report) dropped 7.4% during mid-day trading on Thursday . The stock traded as low as $0.8304 and last traded at $0.8561. Approximately 201,652 shares traded hands during trading, an increase of 266% from the average daily volume of 55,041 shares. The stock had previously closed at $0.9248.
ESGEN Acquisition Stock Performance
The company’s fifty day moving average is $0.81 and its 200-day moving average is $1.07.
ESGEN Acquisition Company Profile
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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