CO2 Energy Transition (NASDAQ:NOEM) Releases Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) released its quarterly earnings results on Friday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

CO2 Energy Transition Trading Down 0.3%

NASDAQ NOEM traded down $0.03 during trading hours on Friday, reaching $10.49. 13 shares of the company traded hands, compared to its average volume of 1,046. The stock has a market capitalization of $39.02 million, a PE ratio of 69.94 and a beta of -0.09. CO2 Energy Transition has a 12 month low of $10.21 and a 12 month high of $12.62. The company has a 50 day moving average of $10.57 and a two-hundred day moving average of $10.54.

Institutional Investors Weigh In On CO2 Energy Transition

A hedge fund recently bought a new stake in CO2 Energy Transition stock. Sona Asset Management US LLC purchased a new position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 252,019 shares of the company’s stock, valued at approximately $2,613,000. Sona Asset Management US LLC owned about 2.63% of CO2 Energy Transition as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company formed to pursue a merger, acquisition, or similar business combination. It does not operate as an energy producer or provide commercial products and services of its own. The company has focused its search on businesses involved in the energy transition, including areas related to decarbonization. Its activities center on identifying and completing a business combination rather than conducting operating activities directly.