ITM Power plc (LON:ITM)’s share price shot up 0% during mid-day trading on Monday . The company traded as high as GBX 33 ($0.46) and last traded at GBX 31.60 ($0.44). 1,554,080 shares traded hands during mid-day trading, an increase of 406% from the average session volume of 307,138 shares. The stock had previously closed at GBX 31.60 ($0.44).
Separately, Investec reissued a “buy” rating and issued a GBX 67 ($0.93) price objective on shares of ITM Power in a report on Thursday, November 30th.
The firm has a market capitalization of $106.33 and a price-to-earnings ratio of -1,580.00.
COPYRIGHT VIOLATION NOTICE: “ITM Power (ITM) Shares Up 0%” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3302803/itm-power-itm-shares-up-0.html.
ITM Power Company Profile
ITM Power Plc designs and manufactures integrated hydrogen energy solutions for energy storage and clean fuel production. The Company has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The Company’s product, HGas, is designed for Power-to-Gas applications. HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks or through methanation processes without additional compression.
Receive News & Ratings for ITM Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITM Power and related companies with MarketBeat.com's FREE daily email newsletter.