Dame Julia King Purchases 30,200 Shares of Ceres Power Holdings plc (LON:CWR) Stock

Ceres Power Holdings plc (LON:CWR) insider Dame Julia King acquired 30,200 shares of Ceres Power stock in a transaction dated Thursday, November 28th. The stock was purchased at an average price of GBX 165 ($2.09) per share, with a total value of £49,830 ($63,171.91).

Ceres Power Stock Performance

LON CWR traded up GBX 2.30 ($0.03) during trading on Thursday, hitting GBX 165.10 ($2.09). The company’s stock had a trading volume of 572,159 shares, compared to its average volume of 744,780. Ceres Power Holdings plc has a 52 week low of GBX 126.40 ($1.60) and a 52 week high of GBX 312 ($3.96). The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a market cap of £319.57 million, a P/E ratio of -795.00 and a beta of 1.60. The firm has a 50 day moving average price of GBX 214.36 and a 200 day moving average price of GBX 202.41.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.24) price target on shares of Ceres Power in a report on Tuesday, August 6th.

Ceres Power Company Profile

Ceres Power Holdings plc engages in the development and commercialization of fuel cell and electrochemical technology in Europe, Asia, North America, and internationally. The company's technology includes Ceres Power, a solid oxide fuel cell technology used for distributed power generation, commercial power, and marine and motive power sectors; and Ceres Hydrogen, a solid oxide electrolyser cell SOEC technology to produce green hydrogen.