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Ballard Power Systems (TSE:BLDP) Shares Up 6.5% - Here's Why

Ballard Power Systems logo with Industrials background

Shares of Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) rose 6.5% during trading on Monday . The stock traded as high as C$1.80 and last traded at C$1.80. Approximately 245,740 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 835,673 shares. The stock had previously closed at C$1.69.

Ballard Power Systems Trading Up 2.4 %

The stock has a market cap of C$367.20 million, a PE ratio of -1.12, a PEG ratio of -2,030.00 and a beta of 1.72. The company's fifty day moving average is C$1.71 and its 200-day moving average is C$2.01. The company has a debt-to-equity ratio of 3.82, a current ratio of 9.01 and a quick ratio of 13.57.

About Ballard Power Systems

(Get Free Report)

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation.

Further Reading

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