Shares of ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report) dropped 2.4% during trading on Tuesday . The company traded as low as $0.5803 and last traded at $0.5820. Approximately 83,279 shares traded hands during trading, an increase of 51% from the average daily volume of 55,041 shares. The stock had previously closed at $0.5966.
ESGEN Acquisition Stock Down 2.4%
The firm’s fifty day simple moving average is $0.98 and its 200 day simple moving average is $1.21.
ESGEN Acquisition Company Profile
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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