ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report) dropped 2.6% on Wednesday . The stock traded as low as $0.9016 and last traded at $0.9151. Approximately 101,023 shares were traded during trading, an increase of 84% from the average daily volume of 55,041 shares. The stock had previously closed at $0.9394.
ESGEN Acquisition Price Performance
The company has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $1.83.
About ESGEN Acquisition
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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