CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.53 and traded as low as $10.51. CO2 Energy Transition shares last traded at $10.5150, with a volume of 13,114 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
CO2 Energy Transition Trading Down 1.2%
The stock’s 50-day simple moving average is $10.64 and its 200-day simple moving average is $10.53. The stock has a market cap of $39.08 million, a price-to-earnings ratio of 70.10 and a beta of -0.10.
CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.
Institutional Trading of CO2 Energy Transition
An institutional investor recently bought a new position in CO2 Energy Transition stock. Sona Asset Management US LLC bought a new position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 252,019 shares of the company’s stock, valued at approximately $2,613,000. Sona Asset Management US LLC owned approximately 2.63% of CO2 Energy Transition as of its most recent filing with the SEC.
About CO2 Energy Transition
CO2 Energy Transition Corp. (NASDAQ: NOEM) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company involved in the energy transition. Rather than operating an established commercial business, the company was created to pursue a merger, share exchange, asset acquisition, or similar transaction.
Its stated focus is on businesses supporting decarbonization and the transition toward lower-carbon energy systems. Potential areas of interest may include renewable energy, clean fuels, energy efficiency, electrification, carbon reduction technologies, and related infrastructure, although the company’s specific target and operating activities depend on any transaction it completes.
CO2 Energy Transition Corp.
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