Rice Acquisition Corp. II (NYSE:RONI) Shares Down 2.6% – Here’s Why

Rice Acquisition Corp. II (NYSE:RONIGet Free Report) traded down 2.6% during mid-day trading on Friday . The company traded as low as $1.84 and last traded at $1.85. 727,182 shares changed hands during mid-day trading, an increase of 196% from the average session volume of 245,594 shares. The stock had previously closed at $1.90.

Rice Acquisition Corp. II Stock Down 2.6%

The business’s fifty day moving average is $1.82 and its 200-day moving average is $2.15.

Rice Acquisition Corp. II Company Profile

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Rice Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the New York Stock Exchange under the ticker RONI. As a blank‐check vehicle, the company has no commercial operations of its own at present and was formed to raise capital through its initial public offering with the goal of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other business combination.

The firm is sponsored by Rice Acquisition Partners II, a private investment group focused on identifying and structuring middle‐market transactions.

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