Ceres Power Holdings plc (LON:CWR - Get Free Report) fell 38.5% during trading on Thursday . The stock traded as low as GBX 68.05 ($0.86) and last traded at GBX 80.55 ($1.02). 8,976,891 shares traded hands during trading, an increase of 577% from the average session volume of 1,325,255 shares. The stock had previously closed at GBX 131 ($1.66).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 650 ($8.21) price target on shares of Ceres Power in a report on Wednesday, January 29th.
Get Our Latest Stock Report on CWR
Ceres Power Stock Performance
The firm has a market cap of £152.44 million, a PE ratio of -3.78 and a beta of 1.60. The firm has a fifty day moving average price of GBX 156.02 and a 200 day moving average price of GBX 184.78. 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 Activity at Ceres Power
In related news, insider Stuart Paynter acquired 7,151 shares of Ceres Power stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of GBX 139 ($1.76) per share, for a total transaction of £9,939.89 ($12,558.29). Also, insider Dame Julia King acquired 30,200 shares of Ceres Power stock in a transaction that occurred on Thursday, November 28th. The stock was bought at an average price of GBX 165 ($2.08) per share, for a total transaction of £49,830 ($62,956.41). 40.29% of the stock is owned by insiders.
About Ceres Power
(
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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.
Further Reading
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