ESGEN Acquisition Co. (NASDAQ:ESAC – Get Free Report)’s stock price rose 8.1% during trading on Friday . The stock traded as high as $0.9088 and last traded at $0.8652. Approximately 83,762 shares changed hands during trading, an increase of 52% from the average daily volume of 55,041 shares. The stock had previously closed at $0.8002.
ESGEN Acquisition Price Performance
The company’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $0.99.
About ESGEN Acquisition
ESGEN Acquisition (NASDAQ: ESAC) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed in 2021 to effect a business combination with one or more operating businesses. As a blank‐check vehicle, ESGEN Acquisition itself carries no commercial operations; its primary objective is to identify and merge with a target company that can benefit from public‐market access and strategic capital.
Through its initial public offering, ESGEN Acquisition raised capital by issuing units consisting of common shares and warrants.
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