Rice Acquisition Corp. II (NYSE:RONI) Shares Down 2.8% – Time to Sell?

Rice Acquisition Corp. II (NYSE:RONIGet Free Report)’s share price fell 2.8% during mid-day trading on Thursday . The stock traded as low as $2.2550 and last traded at $2.41. 1,275,214 shares traded hands during trading, an increase of 419% from the average session volume of 245,594 shares. The stock had previously closed at $2.48.

Rice Acquisition Corp. II Trading Down 4.1%

The company’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $2.32.

Rice Acquisition Corp. II Company Profile

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Rice Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the New York Stock Exchange under the ticker RONI. As a blank‐check vehicle, the company has no commercial operations of its own at present and was formed to raise capital through its initial public offering with the goal of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other business combination.

The firm is sponsored by Rice Acquisition Partners II, a private investment group focused on identifying and structuring middle‐market transactions.

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