Ceres Power Holdings plc (LON:CWR) shares shot up 6.5% on Thursday . The company traded as high as GBX 140 ($1.83) and last traded at GBX 139.50 ($1.82). 191,120 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 373,765 shares. The stock had previously closed at GBX 131 ($1.71).
Separately, Berenberg Bank reissued a “buy” rating on shares of Ceres Power in a report on Thursday, December 6th.
In related news, insider Stephen James Callaghan purchased 150,000 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average cost of GBX 99 ($1.29) per share, for a total transaction of £148,500 ($194,041.55).
Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers SteelCell, a perforated sheet of steel with special screen-printed ceramic layers that converts fuel directly into electrical power.
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