CO2 Energy Transition (NASDAQ:NOEM) Shares Down 0.1% – What’s Next?

Shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) traded down 0.1% during trading on Tuesday . The company traded as low as $10.46 and last traded at $10.57. 1,305 shares were traded during trading, a decline of 66% from the average daily volume of 3,838 shares. The stock had previously closed at $10.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CO2 Energy Transition has a consensus rating of “Sell”.

CO2 Energy Transition Stock Performance

The company has a market capitalization of $101.37 million, a PE ratio of 66.07 and a beta of 0.02. The company’s fifty day moving average is $10.44 and its 200-day moving average is $10.39.

CO2 Energy Transition (NASDAQ:NOEM) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter.

Institutional Trading of CO2 Energy Transition

Several institutional investors have recently made changes to their positions in NOEM. Flow Traders U.S. LLC raised its stake in 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 valued at $151,000 after purchasing an additional 1,578 shares during the period. Clear Street Group Inc. raised its position in shares of CO2 Energy Transition by 96.5% during the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after buying an additional 10,381 shares during the last quarter. Dakota Wealth Management raised its position in shares of CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after buying an additional 3,000 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of CO2 Energy Transition by 30.9% in the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after buying an additional 17,196 shares in the last quarter. Finally, L1 Global Manager Pty Ltd bought a new position in shares of CO2 Energy Transition during the fourth quarter worth $1,441,000.

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.