CN Energy Group. (NASDAQ:CNEY) Trading 5.6% Higher – Here’s What Happened

CN Energy Group. Inc. (NASDAQ:CNEY)’s share price rose 5.6% during trading on Monday . The company traded as high as $0.5802 and last traded at $0.5601. Approximately 138,608 shares traded hands during trading, a decline of 93% from the average daily volume of 1,922,700 shares. The stock had previously closed at $0.5306.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CN Energy Group. presently has a consensus rating of “Sell”.

CN Energy Group. Price Performance

The business’s 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $2.01.

Institutional Investors Weigh In On CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP bought a new stake in CN Energy Group. Inc. (NASDAQ:CNEY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. at the end of the most recent quarter. 7.64% of the stock is owned by hedge funds and other institutional investors.

CN Energy Group. Company Profile

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. It also engages in the generation and supply of biomass electricity; production of steam for heating; sale of minerals, stone, metal materials, construction materials, wood, chemical materials and products, rubber products, and paper products; management and conversion of forest and natural ecosystem; and forest acquisition, rights transfer, and nurturing, and timber harvesting and processing activities.