Ceres Power Holdings plc (LON:CWR) Insider Stuart Paynter Purchases 7,151 Shares

Ceres Power Holdings plc (LON:CWR - Get Free Report) insider Stuart Paynter bought 7,151 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of GBX 139 ($1.73) per share, for a total transaction of £9,939.89 ($12,375.36).

Ceres Power Stock Up 6.0 %

Shares of CWR traded up GBX 8.20 ($0.10) during midday trading on Thursday, reaching GBX 144.70 ($1.80). 2,152,266 shares of the company were exchanged, compared to its average volume of 1,380,104. Ceres Power Holdings plc has a 1-year low of GBX 126.40 ($1.57) and a 1-year high of GBX 312 ($3.88). The stock has a 50-day moving average price of GBX 166.23 and a 200-day moving average price of GBX 192.66. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The company has a market cap of £280.08 million, a price-to-earnings ratio of -689.05 and a beta of 1.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.09) price objective on shares of Ceres Power in a research report on Wednesday.

Ceres Power Company Profile

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.