MNTK - Montauk Renewables Inc.: The Losing Streak Continues (MNTK)

Shares of Montauk Renewables Inc. (NASDAQ:MNTK) traded today at $9.50, breaking its 52-week low. This new low was reached on above average trading volume as 319,000 shares traded hands, while the average 30-day volume is approximately 127,000 shares.

Montauk Renewables Inc. share prices have moved between a 52-week high of $14.93 and the current low of $9.50 and are currently at $9.52 per share.

Montauk Renewables Inc is a United States-based renewable energy company. It specializes in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement for fossil fuels. The firm develops, owns, and operates RNG projects that supply renewable fuel into the transportation and electrical power sectors. Montauk operates in two segments: Renewable Natural Gas and Renewable Electricity Generation. It generates a majority of its revenue from the Renewable Natural Gas segment.

Montauk Renewables Inc. has overhead space with shares priced $9.52, or 52.4% below the average consensus analyst price target of $20.02.

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