CO2 Energy Transition (NASDAQ:NOEM) Stock Price Down 0.2% – Here’s What Happened

CO2 Energy Transition Corp. (NASDAQ:NOEM)’s share price traded down 0.2% during trading on Thursday . The company traded as low as $10.29 and last traded at $10.29. 135 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,146 shares. The stock had previously closed at $10.31.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

CO2 Energy Transition Stock Down 0.2%

The company has a market cap of $98.68 million and a P/E ratio of 114.33. The business’s 50 day moving average is $10.28 and its 200 day moving average is $10.19.

CO2 Energy Transition (NASDAQ:NOEM) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.05 EPS for the quarter.

Hedge Funds Weigh In On CO2 Energy Transition

A number of hedge funds have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new stake in CO2 Energy Transition during the third quarter worth about $110,000. Clear Street LLC acquired a new stake in shares of CO2 Energy Transition during the 2nd quarter worth approximately $108,000. Wolverine Asset Management LLC acquired a new stake in shares of CO2 Energy Transition during the 2nd quarter worth approximately $141,000. Flow Traders U.S. LLC raised its position in shares of CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after buying an additional 1,578 shares during the period. Finally, Dakota Wealth Management purchased a new stake in CO2 Energy Transition in the second quarter valued at $257,000.

About CO2 Energy Transition

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.