ESGEN Acquisition (NASDAQ:ESAC) Trading Up 11.7% – Still a Buy?

ESGEN Acquisition Co. (NASDAQ:ESACGet Free Report) shares rose 11.7% during trading on Friday . The company traded as high as $3.45 and last traded at $3.43. Approximately 358,678 shares traded hands during mid-day trading, an increase of 552% from the average daily volume of 55,041 shares. The stock had previously closed at $3.07.

ESGEN Acquisition Stock Performance

The company has a 50 day moving average of $2.23 and a 200 day moving average of $2.69.

ESGEN Acquisition Company Profile

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ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.

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