Ceres Power (LON:CWR) Shares Up 45.5% - Here's What Happened

Key Points

• Ceres Power Holdings plc shares surged by 45.5% during mid-day trading on Monday, reaching a last traded price of GBX 146.40 ($1.97) after a significant increase in trading volume.
• The company specializes in clean energy technology, focusing on electrolysis for green hydrogen production and fuel cells, and has partnerships with major firms like Bosch and Doosan.
• Ceres Power has a market cap of £280.90 million and a negative price-to-earnings ratio of -6.97, indicating financial challenges despite recent stock performance.

Ceres Power Holdings plc (LON:CWR - ) traded up 45.5% during mid-day trading on Monday . The stock traded as high as GBX 150 ($2.02) and last traded at GBX 146.40 ($1.97). 11,223,002 shares traded hands during trading, an increase of 607% from the average session volume of 1,587,739 shares. The stock had previously closed at GBX 100.60 ($1.35).

Ceres Power Stock Performance

The company has a fifty day moving average price of GBX 84.83 and a two-hundred day moving average price of GBX 88.25. The firm has a market cap of £280.90 million, a price-to-earnings ratio of -6.97 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18.

About Ceres Power

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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