CO2 Energy Transition (NASDAQ:NOEM) Shares Up 0.4% – Here’s What Happened

CO2 Energy Transition Corp. (NASDAQ:NOEM)’s stock price rose 0.4% during trading on Friday . The stock traded as high as $10.69 and last traded at $10.73. 113 shares changed hands during trading, a decline of 36% from the average daily volume of 177 shares. The stock had previously closed at $10.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

CO2 Energy Transition Price Performance

The firm has a market cap of $39.92 million, a PE ratio of 71.54 and a beta of -0.11. The business’s fifty day moving average is $10.80 and its 200-day moving average is $10.54.

CO2 Energy Transition (NASDAQ:NOEM) last released its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.

Hedge Funds Weigh In On CO2 Energy Transition

Several institutional investors and hedge funds have recently bought and sold shares of NOEM. Flow Traders U.S. LLC raised its stake in shares of CO2 Energy Transition by 11.9% in the third 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. Clear Street Group Inc. grew its stake in shares of CO2 Energy Transition by 96.5% during the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after acquiring an additional 10,381 shares during the period. L1 Global Manager Pty Ltd purchased a new stake in CO2 Energy Transition in the 4th quarter worth about $1,441,000. Sona Asset Management US LLC purchased a new stake in CO2 Energy Transition in the 1st quarter worth about $2,613,000. Finally, Toronto Dominion Bank raised its stake in CO2 Energy Transition by 59.1% in the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after acquiring an additional 189,784 shares during the period.

CO2 Energy Transition Company Profile

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.