Verde Clean Fuels (NASDAQ:VGAS) Trading Up 1.7% – Still a Buy?

Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) were up 1.7% during trading on Thursday . The company traded as high as $4.22 and last traded at $4.22. Approximately 2,017 shares changed hands during trading, a decline of 89% from the average daily volume of 18,933 shares. The stock had previously closed at $4.15.

Verde Clean Fuels Stock Up 1.2 %

The firm has a market capitalization of $136.85 million, a PE ratio of -8.54 and a beta of -0.66. The stock’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $4.22.

Institutional Trading of Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC raised its holdings in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,807 shares of the company’s stock after buying an additional 6,191 shares during the period. Geode Capital Management LLC owned about 0.24% of Verde Clean Fuels worth $310,000 at the end of the most recent quarter. 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.