CO2 Energy Transition (NASDAQ:NOEM) Trading Down 0.2% – Here’s Why

CO2 Energy Transition Corp. (NASDAQ:NOEM) shares traded down 0.2% during trading on Thursday . The company traded as low as $10.29 and last traded at $10.29. 135 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,146 shares. The stock had previously closed at $10.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CO2 Energy Transition currently has a consensus rating of “Sell”.

CO2 Energy Transition Stock Performance

The company has a market cap of $98.68 million and a price-to-earnings ratio of 114.33. The business’s 50 day moving average price is $10.28 and its 200-day moving average price is $10.19.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.05 earnings per share for the quarter.

Institutional Trading of CO2 Energy Transition

Several institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its holdings in CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after buying an additional 1,578 shares in the last quarter. Clear Street Group Inc. bought a new stake in shares of CO2 Energy Transition in the third quarter valued at about $110,000. Radcliffe Capital Management L.P. acquired a new position in shares of CO2 Energy Transition in the third quarter valued at about $308,000. Wolverine Asset Management LLC increased its position in CO2 Energy Transition by 295.9% during the third quarter. Wolverine Asset Management LLC now owns 55,583 shares of the company’s stock worth $567,000 after acquiring an additional 41,542 shares during the period. Finally, Karpus Management Inc. raised its stake in CO2 Energy Transition by 8.6% in the 2nd quarter. Karpus Management Inc. now owns 783,521 shares of the company’s stock worth $7,890,000 after purchasing an additional 62,275 shares in the last quarter.

About CO2 Energy Transition

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.