Could Ceres Power Holdings plc Change Direction After Today’s Huge Decline?

 Could Ceres Power Holdings plc Change Direction After Today's Huge Decline?

The stock of Ceres Power Holdings plc (LON:CWR) is a huge mover today! The stock decreased 1.61% or GBX 0.14 on November 29, hitting GBX 8.56. About 156,565 shares traded hands. Ceres Power Holdings plc (LON:CWR) has risen 8.75% since April 28, 2016 and is uptrending. It has outperformed by 3.49% the S&P500.
The move comes after 6 months negative chart setup for the GBX 86.18 million company. It was reported on Nov, 29 by Barchart.com. We have GBX 8.30 PT which if reached, will make LON:CWR worth GBX 2.59 million less.

Ceres Power Holdings PLC is a United Kingdom company, which is a fuel cell technology and engineering company. The company has a market cap of 86.18 million GBP. The Firm is engaged in the development and commercialization of its fuel cell technology. It currently has negative earnings. The SteelCell, operating at a temperature between 500 and 600 degree Celsius, is a perforated sheet of steel with a special ceramic layer that converts fuel directly into electrical power.

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