Clean Power Hydrogen (LON:CPH2) Hits New 1-Year High - Should You Buy?

Key Points

• 52-week high: Clean Power Hydrogen hit a new 52-week high, trading as high as GBX 14.25 and last at GBX 13.70 on volume of 4,830,077 shares, up from a prior close of GBX 12.63.
• The company is relatively small with a market capitalization of about £68.8 million, a negative P/E of -2.50 and low beta (0.33), while its 50-day and 200-day moving averages are GBX 6.75 and GBX 5.58 respectively.
• CPH2 reports strong liquidity (quick ratio 6.54, current ratio 3.89) but a high debt-to-equity ratio (8.05), and it develops modular green-hydrogen technology aimed at delivering the lowest levelized cost of hydrogen (LCOH).

Clean Power Hydrogen Plc (LON:CPH2 - )'s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 14.25 and last traded at GBX 13.70, with a volume of 4830077 shares changing hands. The stock had previously closed at GBX 12.63.

Clean Power Hydrogen Price Performance

The stock has a fifty day moving average of GBX 6.75 and a 200-day moving average of GBX 5.58. The firm has a market capitalization of £68.77 million, a P/E ratio of -2.50 and a beta of 0.33. The company has a quick ratio of 6.54, a current ratio of 3.89 and a debt-to-equity ratio of 8.05.

About Clean Power Hydrogen

CPH2 plc is the holding company of Clean Power Hydrogen Group Limited which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group's strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen.

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