The stock of ITM Power plc (LON:ITM) is a huge mover today! The stock increased 0.36% or GBX 0.08 on November 4, hitting GBX 22.33. About 342,940 shares traded hands or 38.09% up from the average. ITM Power plc (LON:ITM) has risen 106.67% since April 7, 2016 and is uptrending. It has outperformed by 105.58% the S&P500.
The move comes after 6 months positive chart setup for the GBX 49.49 million company. It was reported on Nov, 4 by Barchart.com. We have GBX 33.05 PT which if reached, will make LON:ITM worth GBX 23.76 million more.
More recent ITM Power plc (LON:ITM) news were published by: Uk.Finance.Yahoo.com which released: “-LSE Ticker: 0130H4/ISIN: GB00B0130H42” on March 30, 2014. Also Fool.Co.Uk published the news titled: “Does ITM Power plc’s Update Make It A Better Buy Than Tullow Oil plc?” on January 29, 2016. Businesswire.com‘s news article titled: “ITM Power: 1.5 MW Electrolyser Deployment in Scotland” with publication date: April 28, 2016 was also an interesting one.
ITM Power Plc designs and manufactures integrated hydrogen energy solutions for energy storage and clean fuel production. The company has a market cap of 49.49 million GBP. The Firm has a range of product platforms based on Proton Exchange Membrane technology. It currently has negative earnings. The Company’s product, HGas, is designed for Power-to-Gas applications.
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