Verde Clean Fuels, Inc. (NASDAQ:VGAS) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC reduced its position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 83.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,192 shares of the company’s stock after selling 56,286 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Verde Clean Fuels were worth $45,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC boosted its stake in Verde Clean Fuels by 8.6% during the third quarter. Geode Capital Management LLC now owns 77,807 shares of the company’s stock worth $310,000 after buying an additional 6,191 shares during the period. 15.61% of the stock is owned by institutional investors.

Verde Clean Fuels Stock Performance

Shares of VGAS stock opened at $3.59 on Friday. Verde Clean Fuels, Inc. has a one year low of $1.95 and a one year high of $5.61. The firm’s 50 day moving average price is $4.12 and its 200-day moving average price is $4.17. The firm has a market cap of $115.06 million, a P/E ratio of -7.22 and a beta of -0.63.

Verde Clean Fuels Company Profile

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology.