Verde Clean Fuels (NASDAQ:VGAS) Trading Down 3.4% – Should You Sell?

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

Verde Clean Fuels Price Performance

The company has a market capitalization of $120.19 million, a P/E ratio of -7.50 and a beta of -0.60. The firm has a fifty day moving average price of $4.09 and a 200-day moving average price of $4.09.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC boosted its stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,807 shares of the company’s stock after buying an additional 6,191 shares during the quarter. Geode Capital Management LLC owned approximately 0.24% of Verde Clean Fuels worth $310,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.61% of the company’s stock.

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.