Rice Acquisition Corp. II (NYSE:RONI) Stock Price Down 0.5% – Time to Sell?

Shares of Rice Acquisition Corp. II (NYSE:RONI) fell 0.5% during trading on Wednesday . The stock traded as low as $2.0150 and last traded at $2.12. 425,412 shares traded hands during trading, an increase of 73% from the average session volume of 245,594 shares. The stock had previously closed at $2.13.

Rice Acquisition Corp. II Price Performance

The firm’s 50 day simple moving average is $2.40 and its two-hundred day simple moving average is $2.77.

About Rice Acquisition Corp. II

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.