AltEnergy Acquisition (NASDAQ:AEAEW) Shares Up 1,384,400% – Still a Buy?

AltEnergy Acquisition Corp. (NASDAQ:AEAEWGet Free Report)’s share price traded up 1,384,400% during trading on Wednesday . The stock traded as high as $0.04 and last traded at $553.80. 10,000 shares were traded during trading, a decline of 79% from the average session volume of 48,615 shares. The stock had previously closed at $0.04.

AltEnergy Acquisition Stock Performance

The business’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $3.91.

AltEnergy Acquisition Company Profile

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AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.

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