CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report)’s stock price was up 0.5% during trading on Thursday. The company traded as high as $0.49 and last traded at $0.4802. Approximately 37,926 shares were traded during trading, a decline of 92% from the average daily volume of 465,631 shares. The stock had previously closed at $0.4778.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, CN Energy Group. presently has an average rating of “Sell”.
Read Our Latest Stock Report on CN Energy Group.
CN Energy Group. Stock Up 0.5%
The company has a fifty day moving average of $0.53 and a 200 day moving average of $0.71.
Institutional Investors Weigh In On CN Energy Group.
A hedge fund recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. at the end of the most recent quarter. Hedge funds and other institutional investors own 7.64% of the company’s stock.
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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