Verde Clean Fuels (NASDAQ:VGAS) Trading 6.3% Higher – What’s Next?

Verde Clean Fuels, Inc. (NASDAQ:VGASGet Free Report)’s stock price was up 6.3% during mid-day trading on Monday . The company traded as high as $1.34 and last traded at $1.34. 15,989 shares were traded during trading, an increase of 19% from the average session volume of 13,453 shares. The stock had previously closed at $1.26.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Verde Clean Fuels presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Verde Clean Fuels

Verde Clean Fuels Stock Down 10.6%

The company’s 50-day simple moving average is $1.25 and its 200 day simple moving average is $1.46. The stock has a market capitalization of $49.01 million, a price-to-earnings ratio of -3.44 and a beta of -0.27.

Verde Clean Fuels (NASDAQ:VGASGet Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.04) EPS for the quarter.

Verde Clean Fuels Company Profile

(Get Free Report)

Verde Clean Fuels, Inc develops technology and projects designed to produce low-carbon gasoline and other transportation fuels. The company’s core technology, known as Syngas-to-Gasoline Plus (STG+), converts synthesis gas—a mixture primarily composed of hydrogen and carbon monoxide—into gasoline blendstock.

Verde’s process is intended to use syngas derived from a variety of feedstocks, including renewable and waste resources, while producing gasoline that can be used with existing engines, fuel distribution systems and infrastructure.

Further Reading

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