CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report)’s share price rose 0.5% during mid-day trading on Thursday. The company traded as high as $0.49 and last traded at $0.4802. 37,926 shares changed hands during trading, a decline of 92% from the average daily volume of 465,631 shares. The stock had previously closed at $0.4778.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Get Our Latest Analysis on CNEY
CN Energy Group. Trading Down 7.2%
The business has a fifty day moving average price of $0.53 and a 200 day moving average price of $0.71.
Hedge Funds Weigh In On CN Energy Group.
An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC bought a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. at the end of the most recent quarter. 7.64% of the stock is owned by hedge funds and other institutional investors.
CN Energy Group. Company Profile
CN Energy Group Inc (NASDAQ:CNEY) is a China-based company focused primarily on the production and sale of wood-based activated carbon. Activated carbon is a porous material used to absorb impurities and is commonly applied in water purification, food and beverage processing, pharmaceutical manufacturing, and other industrial applications.
The company also develops and operates biomass-based cogeneration facilities. These facilities use biomass materials to generate electricity and heat, supporting the company’s broader focus on converting forest and agricultural resources into useful energy and industrial products.
CN Energy Group was incorporated in the Cayman Islands and conducts its principal operations through subsidiaries in China.
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