Is VIHDD stock a Buy?

VIHDD was the symbol on the OTC for Vision Energy Corp (Vision Energy Corporation Stock Quote, Charts, News, Analysts, Financials OTCQB:VENG), which changed its ticker to VENG this past November.

Formerly known as Vision Hydrogen Corp, Vision Energy is a renewable energy company headquartered in New Jersey and develops midstream infrastructure for import, storage and distribution of low-carbon energy products along with the design of a bulk liquid import and storage facility.

The company sold in 2022 its VoltH2 Dutch Subsidiaries for $11.25 million and acquired Evolution Terminals, which has a development site in the Netherlands. Vision said it is continuing to make progress in 2023 with the Evolution Terminals subsidiary in advancing its Green Energy Hub at Vlissingen, the Netherlands.

“Our investments in partnerships, coupled with our expanding development team and accelerated development process has proven to be effective in attracting new partners and expanding existing relationships.” said Andrew Hromyk, Chief Executive Officer, in a May 1 press release.

In January 2023, Vision was moved from the OTCQB Market to the Pink Market.

Vision Energy recently published its first quarter 2023 financials, which featured $0 in total revenue against a net loss of $1.6 million. The company’s loss per share was $0.04 compared to a loss of $0.01 per share a year earlier and it finished the quarter with cash and equivalents of $2.1 million 

With a market capitalization of $51 million, Vision Energy’s share price has been in a range of $0.20-$26.10 over the past 52-week period, with an average volume of 110,208 shares.