Ceres Power (LON:CWR) Shares Down 6.1% – Time to Sell?

Ceres Power Holdings plc (LON:CWR) dropped 6.1% on Monday . The stock traded as low as GBX 110.30 ($1.49) and last traded at GBX 110.80 ($1.50). Approximately 860,362 shares traded hands during trading, a decline of 42% from the average daily volume of 1,488,002 shares. The stock had previously closed at GBX 118 ($1.60).

Ceres Power Trading Down 6.1%

The company has a market cap of £214.74 million, a price-to-earnings ratio of -756.83 and a beta of 1.60. The company’s fifty day moving average price is GBX 105.72 and its two-hundred day moving average price is GBX 82.14. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.