Ceres Power (OTCMKTS:CPWHF) Trading 1.1% Higher – Still a Buy?

Shares of Ceres Power Holdings plc (OTCMKTS:CPWHFGet Free Report) traded up 1.1% during trading on Monday . The company traded as high as $2.10 and last traded at $2.02. 3,700 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 2,925 shares. The stock had previously closed at $2.00.

Ceres Power Stock Performance

The stock’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.55.

Ceres Power Company Profile

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Ceres Power Holdings plc, provides fuel cells for power generation and electrolysers for green hydrogen in Europe, Asia, North America, and internationally. The company offers SteelCell, a solid oxide fuel cell that generates electrical natural gas, biogas, and pure and blend hydrogen. It also develops solid oxide electrolysis cell, provides a pathway to produce green hydrogen using fossil fuels.

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