CN Energy Group Inc. (CNEY, Financial) experienced a notable stock price increase of 5.85%. The stock is currently priced at $0.360 per share with a trading volume of 99,080 shares, a turnover rate of 1.43%, and a price fluctuation of 4.68%.
Recent financial reports reveal that CN Energy Group Inc. generated a revenue of $31.29 million, but faced a net loss of $2.96 million, equating to an earnings per share of -$1.64. The gross profit stood at $65,392, resulting in a price-to-earnings ratio of -0.07. Currently, there are no institutional ratings recommending a buy, hold, or sell for this stock.
Within the chemical products sector, where CN Energy operates, the overall increase was 1.04%. Notable stock movements in the sector included Trinseo Plc, Tianmei Bio, and CN Energy with significant gains. Active stocks in the sector were Crown Electrokinetics Corp., CN Energy, and Gevo, Inc., with turnover rates of 116.03%, 1.86%, and 1.31% respectively. Crown Electrokinetics Corp., Trinseo Plc, and Tianmei Bio exhibited substantial price fluctuations of 40.05%, 20.05%, and 13.61% respectively.
CN Energy Group Inc. specializes in the production and supply of wood-based activated carbon used in various industries such as pharmaceuticals, industrial manufacturing, water purification, environmental protection, and food and beverage production. The company also generates biomass electricity during the activated carbon production process, with the majority of its revenue derived from activated carbon sales.
