After Today’s Huge Decline, Is Ceres Power Holdings plc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Ceres Power Holdings plc's Near Term Analysis Negative?

The stock of Ceres Power Holdings plc (LON:CWR) is a huge mover today! The stock increased 1.05% or GBX 0.1 on November 10, hitting GBX 9.6. About 145,348 shares traded hands. Ceres Power Holdings plc (LON:CWR) has risen 23.65% since April 13, 2016 and is uptrending. It has outperformed by 18.00% the S&P500.
The move comes after 6 months negative chart setup for the GBX 95.80M company. It was reported on Nov, 10 by Barchart.com. We have GBX 8.64 PT which if reached, will make LON:CWR worth GBX 9.58 million less.

Ceres Power Holdings Plc is a United Kingdom company, which is engaged in development of fuel cell technology. The company has a market cap of 95.80 million GBP. The Company’s segment is the development and commercialization of its fuel cell technology. It currently has negative earnings. The Company’s Steel Cell technology generates power from various available fuels and is manufactured using standard processing equipment and conventional materials, such as steel and standard processes for domestic, business and other uses.

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