Flame Acquisition Corp. (FLME)
Flame Acquisition Corp. operates in the Shell Companies industry of the Financial Services sector, headquartered in Houston, TX, US. The stock last traded at $12.10, up 0.83% on the session, giving a market capitalisation of $160.8M. On trailing twelve-month figures it carries a trailing P/E of -3.70, a net margin of -313.4%. Its beta of 0.07 implies it has historically moved less than the broad market.
Flame Acquisition Corp. currently possesses no substantial business activities. Its primary objective is to finalize a business combination, which could involve a merger, capital stock exchange, asset acquisition, stock purchase, or other similar reorganization with one or more entities. The firm plans to identify, acquire, and then operate a business within the energy sector, focusing mainly on upstream exploration and production, as well as midstream companies. Established in 2020, the company is headquartered in Houston, Texas.
Flame Acquisition Corp. is most often compared with the following Financial Services names: