Rice Acquisition Corp. II (NYSE:RONI – Get Free Report) shot up 4% on Friday . The company traded as high as $1.84 and last traded at $1.82. Approximately 335,512 shares traded hands during trading, an increase of 37% from the average session volume of 245,594 shares. The stock had previously closed at $1.75.
Rice Acquisition Corp. II Stock Performance
The firm’s 50 day simple moving average is $1.66 and its 200 day simple moving average is $1.74.
About Rice Acquisition Corp. II
Rice Acquisition Corp. II (NYSE: RONI) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company in the energy transition, decarbonization, and sustainability sectors. As a SPAC, Rice Acquisition Corp. II did not operate a substantial commercial business, manufacture products, or provide services of its own before completing an acquisition.
The company was sponsored by Rice Investment Group, an investment platform focused on energy and infrastructure.
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