Clean Power Hydrogen (LON:CPH2) Shares Down 13.7% – Here’s Why

Shares of Clean Power Hydrogen Plc (LON:CPH2) fell 13.7% during mid-day trading on Wednesday. The stock traded as low as GBX 1.10 and last traded at GBX 1.10. 3,526,248 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 2,093,311 shares. The stock had previously closed at GBX 1.27.

Clean Power Hydrogen Stock Performance

The company has a debt-to-equity ratio of 7.77, a quick ratio of 6.54 and a current ratio of 1.13. The company has a market capitalization of £10.92 million, a price-to-earnings ratio of -0.55 and a beta of 0.33. The firm has a 50-day simple moving average of GBX 1.37 and a two-hundred day simple moving average of GBX 6.61.

Clean Power Hydrogen (LON:CPH2) last announced its earnings results 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.