CENAQ Energy (NASDAQ:CENQW) Shares Down 12%

CENAQ Energy Corp. (NASDAQ:CENQWGet Free Report) shares were down 12% during trading on Friday . The company traded as low as $0.18 and last traded at $0.18. Approximately 40,800 shares traded hands during trading, a decline of 39% from the average daily volume of 66,707 shares. The stock had previously closed at $0.20.

CENAQ Energy Stock Performance

The stock has a 50 day simple moving average of $0.20 and a 200 day simple moving average of $0.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CENAQ Energy stock. Polar Asset Management Partners Inc. purchased a new position in CENAQ Energy Corp. (NASDAQ:CENQWFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company’s stock, valued at approximately $38,000.

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