Ceres Power Holdings plc (LON:CWR - Get Free Report) rose 10.7% on Wednesday . The company traded as high as GBX 77.65 ($1.05) and last traded at GBX 77.50 ($1.05). Approximately 2,265,143 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 1,672,751 shares. The stock had previously closed at GBX 70 ($0.95).
Analyst Ratings Changes
Separately, Berenberg Bank decreased their price target on Ceres Power from GBX 650 ($8.83) to GBX 340 ($4.62) and set a "buy" rating for the company in a report on Tuesday, February 25th.
Check Out Our Latest Stock Report on CWR
Ceres Power Stock Performance
The stock has a 50-day simple moving average of GBX 63.07 and a 200-day simple moving average of GBX 109.73. The company has a market capitalization of £149.13 million, a price-to-earnings ratio of -3.70 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54.
Insider Buying and Selling at Ceres Power
In other Ceres Power news, insider Stuart Paynter bought 33,166 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of GBX 60 ($0.81) per share, with a total value of £19,899.60 ($27,022.81). 40.29% of the stock is currently owned by corporate insiders.
About Ceres Power
(
Get Free Report)
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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