CN Energy Group Inc. (CNEY, Financial), a key player in the chemical products industry, recently experienced a sharp decline in its stock value, dropping 5.26%. The stock is currently priced at $0.720 per share with a trading volume of 518,420 shares, showing a turnover rate of 19.69% and a volatility of 5.58%.
The latest financial report indicates that CN Energy Group Inc. generated $31.29 million in revenue, but reported a net loss of $2.96 million, resulting in earnings per share of -$1.64 and a gross profit of $65,392. The price-to-earnings ratio stands at a negative 0.16. No institutional ratings or recommendations such as buy, hold, or sell have been reported for CNEY at this time.
Within the broader chemical products sector, which saw an overall increase of 0.18%, several stocks displayed significant activity. Ingevity Corporation, Arcadium Lithium Plc, and Trinseo Plc were notable gainers. Meanwhile, CN Energy Group Inc., Crown Electrokinetics Corp., and Albemarle were among the more active stocks, with turnover rates of 20.29%, 2.53%, and 1.89% respectively. Stocks with high volatility included 5E Advanced Materials, Inc., Trinseo Plc, and Ingevity Corporation, with respective volatility rates of 13.46%, 11.59%, and 9.65%.
CN Energy Group Inc. is a manufacturer and supplier of wood-based activated carbon, utilized in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and the food and beverage industry. The company also produces biomass electricity, generated as a by-product during activated carbon production, which constitutes the majority of its revenue.
