Rice Acquisition Corp. II (NYSE:RONI) Shares Down 2.8% – Should You Sell?

Rice Acquisition Corp. II (NYSE:RONIGet Free Report) shares were down 2.8% during mid-day trading on Monday . The stock traded as low as $2.39 and last traded at $2.44. Approximately 739,668 shares changed hands during mid-day trading, an increase of 201% from the average daily volume of 245,594 shares. The stock had previously closed at $2.51.

Rice Acquisition Corp. II Stock Down 2.8%

The company’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.86.

About Rice Acquisition Corp. II

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Rice Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the New York Stock Exchange under the ticker RONI. As a blank‐check vehicle, the company has no commercial operations of its own at present and was formed to raise capital through its initial public offering with the goal of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other business combination.

The firm is sponsored by Rice Acquisition Partners II, a private investment group focused on identifying and structuring middle‐market transactions.

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