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

Verde Clean Fuels, Inc. (NASDAQ:VGAS) shares rose 1.7% on Thursday . The stock 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 company has a market capitalization of $136.85 million, a PE ratio of -8.54 and a beta of -0.66. The company’s 50 day moving average is $4.13 and its two-hundred day moving average is $4.22.

Hedge Funds 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 its most recent disclosure with the SEC. The institutional investor owned 77,807 shares of the company’s stock after acquiring an additional 6,191 shares during the period. Geode Capital Management LLC owned 0.24% of Verde Clean Fuels worth $310,000 at the end of the most recent quarter. Institutional investors own 15.61% of the company’s stock.

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.