CO2 Energy Transition (NASDAQ:NOEM) Stock Price Down 0.1% – Here’s What Happened

CO2 Energy Transition Corp. (NASDAQ:NOEM)’s share price fell 0.1% during trading on Friday . The stock traded as low as $10.40 and last traded at $10.4020. 77,970 shares changed hands during trading, an increase of 3,024% from the average session volume of 2,496 shares. The stock had previously closed at $10.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

CO2 Energy Transition Stock Down 0.1%

The stock has a market cap of $99.71 million, a PE ratio of 80.02 and a beta of 0.02. The business’s fifty day moving average is $10.38 and its 200 day moving average is $10.32.

CO2 Energy Transition (NASDAQ:NOEM) last announced its earnings results on Friday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Trading of CO2 Energy Transition

Large investors have recently bought and sold shares of the company. Clear Street Group Inc. acquired a new stake in CO2 Energy Transition in the third quarter valued at approximately $110,000. Flow Traders U.S. LLC grew its position in CO2 Energy Transition by 11.9% in the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after acquiring an additional 1,578 shares in the last quarter. Dakota Wealth Management grew its position in CO2 Energy Transition by 11.7% in the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after acquiring an additional 3,000 shares in the last quarter. Radcliffe Capital Management L.P. acquired a new stake in CO2 Energy Transition in the third quarter valued at approximately $308,000. Finally, Wolverine Asset Management LLC grew its position in CO2 Energy Transition by 295.9% in the third quarter. Wolverine Asset Management LLC now owns 55,583 shares of the company’s stock valued at $567,000 after acquiring an additional 41,542 shares in the last quarter.

CO2 Energy Transition Company Profile

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.