CO2 Energy Transition (NASDAQ:NOEM) Releases Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) announced its earnings results on Friday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Down 0.3%

NOEM stock traded down $0.03 during trading on Friday, hitting $10.49. The company had a trading volume of 13 shares, compared to its average volume of 1,046. The firm has a market cap of $39.02 million, a PE ratio of 69.94 and a beta of -0.09. CO2 Energy Transition has a 1-year low of $10.21 and a 1-year high of $12.62. The firm has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.54.

Institutional Trading of CO2 Energy Transition

An institutional investor recently bought a new stake in CO2 Energy Transition stock. Sona Asset Management US LLC bought a new stake in CO2 Energy Transition Corp. (NASDAQ:NOEM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 252,019 shares of the company’s stock, valued at approximately $2,613,000. Sona Asset Management US LLC owned about 2.63% of CO2 Energy Transition at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, CO2 Energy Transition presently has a consensus rating of “Sell”.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp. is a special purpose acquisition company formed to pursue a merger, acquisition, or similar business combination. It does not operate as an energy producer or provide commercial products and services of its own. The company has focused its search on businesses involved in the energy transition, including areas related to decarbonization. Its activities center on identifying and completing a business combination rather than conducting operating activities directly.