Clean Power Hydrogen (LON:CPH2) Shares Up 8.7% – Here’s Why

Clean Power Hydrogen Plc (LON:CPH2) shares rose 8.7% during trading on Thursday. The company traded as high as GBX 1.40 and last traded at GBX 1.25. 17,576,814 shares changed hands during mid-day trading, an increase of 706% from the average daily volume of 2,181,576 shares. The stock had previously closed at GBX 1.15.

Clean Power Hydrogen Stock Up 8.7%

The stock has a market capitalization of £12.41 million, a P/E ratio of -0.63 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 6.54 and a debt-to-equity ratio of 7.77. The stock’s 50 day simple moving average is GBX 1.31 and its 200 day simple moving average is GBX 6.23.

Clean Power Hydrogen (LON:CPH2) last released its quarterly earnings data on Thursday, September 24th. The company reported GBX (1.15) earnings per share for the quarter. Clean Power Hydrogen had a negative return on equity of 88.63% and a negative net margin of 206,700.00%.

About Clean Power Hydrogen

CPH2 plc is the holding company of Clean Power Hydrogen Group Limited which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group’s strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen.