Nel ASA (OTCMKTS:NLLSF) Trading 1.1% Higher – Here’s What Happened

Nel ASA (OTCMKTS:NLLSF) rose 1.1% during trading on Tuesday . The company traded as high as $0.24 and last traded at $0.2269. Approximately 108,578 shares traded hands during mid-day trading, an increase of 271% from the average daily volume of 29,256 shares. The stock had previously closed at $0.2245.

Nel ASA Stock Up 1.1%

The firm has a 50 day simple moving average of $0.23 and a two-hundred day simple moving average of $0.24.

About Nel ASA

Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.

Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.