Rice Acquisition Corp. II (NYSE:RONI – Get Free Report) shares fell 6.5% during trading on Friday. The stock traded as low as $0.8315 and last traded at $0.8359. 657,624 shares changed hands during mid-day trading, an increase of 168% from the average daily volume of 245,594 shares. The stock had previously closed at $0.8936.
Rice Acquisition Corp. II Stock Performance
The firm has a 50 day simple moving average of $1.50 and a two-hundred day simple moving average of $1.76.
Rice Acquisition Corp. II Company Profile
Rice Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company in the energy, utilities, or related infrastructure sectors. Like other SPACs, it did not have significant operating activities or commercial products of its own before completing an acquisition.
In 2023, Rice Acquisition Corp. II completed a business combination with NET Power, a technology company developing low-emissions power generation systems.
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