Shares of Ceres Power Holdings plc (LON:CWR - Get Free Report) shot up 10.7% during trading on Wednesday . The company traded as high as GBX 77.65 ($1.05) and last traded at GBX 77.50 ($1.05). 2,265,143 shares changed hands during trading, an increase of 35% from the average session volume of 1,672,751 shares. The stock had previously closed at GBX 70 ($0.95).
Wall Street Analyst Weigh In
Separately, Berenberg Bank decreased their price target on shares of Ceres Power from GBX 650 ($8.79) to GBX 340 ($4.60) and set a "buy" rating for the company in a research report on Tuesday, February 25th.
Read Our Latest Stock Report on Ceres Power
Ceres Power Trading Up 4.2%
The business's 50-day moving average is GBX 64.02 and its two-hundred day moving average is GBX 108.45. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of £155.46 million, a PE ratio of -3.86 and a beta of 1.60.
Insider Buying and Selling
In other news, insider Stuart Paynter acquired 33,166 shares of the firm's stock in a transaction on Friday, April 25th. The stock was bought at an average cost of GBX 60 ($0.81) per share, with a total value of £19,899.60 ($26,920.45). 40.29% of the stock is owned by corporate insiders.
About Ceres Power
(
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Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.
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