CN Energy Group. (NASDAQ:CNEY) Shares Up 8.8% – Here’s What Happened

CN Energy Group. Inc. (NASDAQ:CNEYGet Free Report) shares shot up 8.8% during mid-day trading on Friday . The company traded as high as $2.46 and last traded at $2.34. 118,621 shares were traded during trading, a decline of 68% from the average session volume of 366,100 shares. The stock had previously closed at $2.15.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of CN Energy Group. to a “strong sell” rating in a research note on Saturday, May 24th.

Read Our Latest Research Report on CNEY

CN Energy Group. Stock Up 8.8%

The business’s 50 day moving average is $2.36 and its 200-day moving average is $3.04.

About CN Energy Group.

(Get Free Report)

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production.

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