CO2 Energy Transition (NASDAQ:NOEM) Shares Down 0.2% – Time to Sell?

CO2 Energy Transition Corp. (NASDAQ:NOEM)’s share price fell 0.2% during mid-day trading on Thursday . The company traded as low as $10.29 and last traded at $10.29. 135 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,146 shares. The stock had previously closed at $10.31.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CO2 Energy Transition presently has an average rating of “Sell”.

CO2 Energy Transition Stock Performance

The business has a 50-day simple moving average of $10.28 and a two-hundred day simple moving average of $10.19. The company has a market capitalization of $98.68 million and a price-to-earnings ratio of 114.33.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.05 EPS for the quarter.

Institutional Trading of CO2 Energy Transition

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Street Group Inc. purchased a new position in CO2 Energy Transition during the third quarter worth about $110,000. Clear Street LLC acquired a new position in CO2 Energy Transition during the 2nd quarter worth approximately $108,000. Wolverine Asset Management LLC purchased a new position in shares of CO2 Energy Transition during the 2nd quarter worth approximately $141,000. Flow Traders U.S. LLC raised its stake in shares of CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after buying an additional 1,578 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of CO2 Energy Transition in the 2nd quarter valued at approximately $257,000.

About CO2 Energy Transition

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.