Verde Clean Fuels (NASDAQ:VGAS) Shares Climb 1% – Still a Buy?

Shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) rose 1% during trading on Wednesday. The company traded as high as $1.02 and last traded at $1.01. 6,060 shares changed hands during trading, a decline of 47% from the average session volume of 11,491 shares. The stock had previously closed at $1.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Verde Clean Fuels Trading Up 1.0%

The company’s fifty day moving average is $1.15 and its two-hundred day moving average is $1.43. The stock has a market cap of $45.00 million, a price-to-earnings ratio of -3.16 and a beta of -0.25.

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

About Verde Clean Fuels

Verde Clean Fuels, Inc develops and commercializes technology designed to produce gasoline from synthesis gas, or syngas. Its proprietary STG+ process converts syngas into gasoline and other hydrocarbon products that can be used as drop-in fuels with existing engines and fuel infrastructure.

The company’s technology is intended to support the conversion of a range of feedstocks, including renewable natural gas, biomass, municipal solid waste and other carbon-containing resources, into transportation fuels.