Shares of ArcLight Clean Transition Corp. (OTCMKTS:ACTCU – Get Free Report) dropped 5.5% during trading on Thursday. The stock traded as low as $21.20 and last traded at $21.20. Approximately 3,100 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 88,985 shares. The stock had previously closed at $22.44.
ArcLight Clean Transition Stock Performance
The stock’s 50 day simple moving average is $21.20 and its two-hundred day simple moving average is $21.20.
About ArcLight Clean Transition
ArcLight Clean Transition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business involved in the energy transition. The company focused on opportunities in clean energy, renewable power, electrification, energy efficiency and related infrastructure.
ArcLight Clean Transition Corp. was sponsored by an affiliate of ArcLight Capital Partners, an investment firm focused on energy and infrastructure. Rather than operating products or services of its own, the company was established to raise capital and complete a business combination with a private company in the clean-energy sector.
In 2021, ArcLight Clean Transition Corp.
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