Verde Clean Fuels (NASDAQ:VGAS) Shares Up 1.3% – Time to Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s stock price shot up 1.3% during mid-day trading on Monday . The stock traded as high as $1.6350 and last traded at $1.58. 5,556 shares were traded during trading, a decline of 75% from the average session volume of 22,578 shares. The stock had previously closed at $1.56.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Verde Clean Fuels Stock Up 1.3%

The company has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.96. The firm has a market cap of $70.39 million, a P/E ratio of -4.51 and a beta of -0.37.

Verde Clean Fuels (NASDAQ:VGAS) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.05) EPS for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Creative Planning acquired a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,001 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other 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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.