CO2 Energy Transition (NASDAQ:NOEM) Issues Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) posted its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Down 0.1%

NOEM stock traded down $0.01 during mid-day trading on Friday, reaching $10.43. The company had a trading volume of 7,968 shares, compared to its average volume of 4,883. The stock has a market capitalization of $99.99 million, a P/E ratio of 80.20 and a beta of 0.02. CO2 Energy Transition has a one year low of $9.97 and a one year high of $10.50. The stock’s 50-day simple moving average is $10.39 and its two-hundred day simple moving average is $10.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Toronto Dominion Bank increased its holdings in shares of CO2 Energy Transition by 59.1% during the fourth quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after purchasing an additional 189,784 shares during the period. Sona Asset Management US LLC acquired a new position in shares of CO2 Energy Transition during the first quarter valued at $2,613,000. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition during the fourth quarter valued at $1,441,000. Wolverine Asset Management LLC increased its holdings in shares of CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after purchasing an additional 17,196 shares during the period. Finally, Radcliffe Capital Management L.P. acquired a new position in shares of CO2 Energy Transition during the third quarter valued at $308,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition has an average rating of “Sell”.

About CO2 Energy Transition

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.