Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price fell 39% during trading on Thursday . The company traded as low as GBX 68.05 ($0.86) and last traded at GBX 79.96 ($1.01). 34,326,074 shares were traded during mid-day trading, an increase of 1,591% from the average session volume of 2,029,399 shares. The stock had previously closed at GBX 131 ($1.66).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.21) price objective on shares of Ceres Power in a research note on Wednesday, January 29th.
Check Out Our Latest Report on Ceres Power
Ceres Power Trading Down 2.9 %
The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The company has a market cap of £152.44 million, a price-to-earnings ratio of -3.78 and a beta of 1.60. The business has a 50 day simple moving average of GBX 156.02 and a 200 day simple moving average of GBX 184.78.
Insiders Place Their Bets
In related news, insider Stuart Paynter bought 7,151 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 139 ($1.76) per share, with a total value of £9,939.89 ($12,558.29). Also, insider Dame Julia King bought 30,200 shares of the business's stock in a transaction on Thursday, November 28th. The stock was bought at an average cost of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,956.41). Insiders own 40.29% of the company's stock.
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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