Verde Clean Fuels (NASDAQ:VGAS) Shares Down 3.1%

Verde Clean Fuels, Inc. (NASDAQ:VGAS) fell 3.1% on Friday . The company traded as low as $3.74 and last traded at $3.78. 4,114 shares changed hands during trading, a decline of 81% from the average session volume of 21,821 shares. The stock had previously closed at $3.90.

Verde Clean Fuels Price Performance

The firm has a market cap of $120.69 million, a price-to-earnings ratio of -7.71 and a beta of -0.65. The firm’s fifty day moving average is $4.12 and its 200-day moving average is $4.29.

Verde Clean Fuels (NASDAQ:VGAS) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC acquired a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 102,200 shares of the company’s stock, valued at approximately $409,000. Sanders Morris Harris LLC owned approximately 0.32% of Verde Clean Fuels at the end of the most recent reporting period. 15.61% of the stock is currently owned by institutional investors and hedge funds.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology.