Itm Power (OTCMKTS:ITMPF) Stock Price Up 4.8% - Here's Why

Key Points

• Itm Power's stock rose by 4.8% on Monday, reaching a trading price of $0.90, despite significant declines in trading volume.
• The company maintains a current ratio of 3.87 and a debt-to-equity ratio of just 0.05, indicating a strong balance sheet.
• Itm Power specializes in proton exchange membrane electrolysers for hydrogen production, showcasing a diverse product portfolio including TRIDENT, NEPTUNE, and POSEIDON.

Itm Power (OTCMKTS:ITMPF - Get Free Report) was up 4.8% during mid-day trading on Monday . The stock traded as high as $0.90 and last traded at $0.90. Approximately 2,100 shares traded hands during trading, a decline of 80% from the average daily volume of 10,708 shares. The stock had previously closed at $0.86.

Itm Power Stock Up 2.6%

The company has a quick ratio of 2.93, a current ratio of 3.87 and a debt-to-equity ratio of 0.05. The business's 50-day moving average price is $0.98 and its 200-day moving average price is $0.61.

About Itm Power

ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.