Proton Motor Power Systems (LON:PPS) Trading Down 22.9% – Here’s Why

Proton Motor Power Systems Plc (LON:PPS) shares dropped 22.9% on Monday . The stock traded as low as GBX 0.25 ($0.00) and last traded at GBX 0.27 ($0.00). Approximately 2,556,151 shares changed hands during trading, an increase of 105% from the average daily volume of 1,249,370 shares. The stock had previously closed at GBX 0.35 ($0.00).

Proton Motor Power Systems Trading Down 22.9 %

The firm’s 50 day simple moving average is GBX 0.27 and its 200-day simple moving average is GBX 0.81. The stock has a market capitalization of £4.48 million, a price-to-earnings ratio of -27.00 and a beta of 1.36.

Proton Motor Power Systems Company Profile

Proton Motor Power Systems PLC, through its subsidiary Proton Motor Fuel Cell GmbH (“PM”), a company registered in Germany, has developed and produced a standard hydrogen fuel cell module, integrated with an energy storage system to create an electric fuel cell hybrid system capable of providing power for mobile, stationary and maritime applications.

Proton Motor has identified opportunities to combine batteries with their PEM fuel cell systems, to serve markets where electric fuel cell hybrid systems offer considerable advantages over conventional combustions engines and engine technologies.

The many advantages of Proton Motor’s standard fuel cell model over current commercial alternatives include lower fuel consumption, longer periods between refuelling, shorter refuelling time, consistent levels of power delivery and zero harmful emissions.

Proton Motor’s technology development has been undertaken with the key objectives of multiple applications and volume production.

Proton Motor Power Systems PLC was admitted to trading on AIM on October 31, 2006 with a market capitalisation of £25m.