CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) traded down 4.1% during mid-day trading on Wednesday. The stock traded as low as $0.4501 and last traded at $0.4955. Approximately 5,405,783 shares changed hands during trading, an increase of 8,733% from the average daily volume of 61,201 shares. The stock had previously closed at $0.5167.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on CNEY
CN Energy Group. Trading Down 4.7%
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC bought a new position in CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. at the end of the most recent reporting period. 7.64% of the stock is currently owned by institutional investors and hedge funds.
About CN Energy Group.
CN Energy Group Inc (NASDAQ: CNEY) is a China-based renewable energy and environmental technology company focused on producing activated carbon from wood-based biomass. Its products are designed to support purification and filtration applications across industrial and commercial markets.
The company’s activated carbon is used in areas such as water purification, food and beverage processing, pharmaceutical manufacturing, and other industrial applications. By converting wood-processing residues and other biomass materials into activated carbon, CN Energy Group seeks to create value from renewable resources while addressing environmental and waste-management needs.
CN Energy Group also develops and operates biomass-based cogeneration projects that can produce electricity and heat from renewable materials.
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