Verde Clean Fuels (NASDAQ:VGAS) Trading Up 17% – Here’s Why

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s stock price shot up 17% during mid-day trading on Wednesday . The company traded as high as $1.58 and last traded at $1.58. 488,303 shares were traded during trading, an increase of 6% from the average daily volume of 460,043 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Verde Clean Fuels Trading Up 17.0%

The stock has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $1.54. The company has a market capitalization of $70.39 million, a PE ratio of -4.51 and a beta of -0.31.

Verde Clean Fuels (NASDAQ:VGAS) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.05) EPS for the quarter.

Institutional Trading of Verde Clean Fuels

A hedge fund recently bought a new position in Verde Clean Fuels stock. Creative Planning acquired a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is 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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.