CO2 Energy Transition (NASDAQ:NOEM) Stock Price Down 0.1% – Here’s Why

CO2 Energy Transition Corp. (NASDAQ:NOEM) fell 0.1% during mid-day trading on Thursday . The company traded as low as $10.39 and last traded at $10.38. 987 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 2,347 shares. The stock had previously closed at $10.39.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CO2 Energy Transition in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CO2 Energy Transition presently has an average rating of “Sell”.

CO2 Energy Transition Price Performance

The firm has a market cap of $99.64 million, a price-to-earnings ratio of 79.92 and a beta of 0.02. The firm has a 50 day moving average of $10.37 and a 200 day moving average of $10.30.

CO2 Energy Transition (NASDAQ:NOEM) last announced its earnings results on Friday, March 13th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On CO2 Energy Transition

A number of large investors have recently added to or reduced their stakes in NOEM. Clear Street Group Inc. purchased a new position in shares of CO2 Energy Transition in the 3rd quarter worth about $110,000. Flow Traders U.S. LLC boosted its stake in CO2 Energy Transition by 11.9% in the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after buying an additional 1,578 shares in the last quarter. Dakota Wealth Management grew its position in CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after acquiring an additional 3,000 shares during the last quarter. Radcliffe Capital Management L.P. bought a new position in CO2 Energy Transition during the third quarter valued at approximately $308,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of CO2 Energy Transition by 295.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 55,583 shares of the company’s stock worth $567,000 after acquiring an additional 41,542 shares during the last quarter.

CO2 Energy Transition Company Profile

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.