Shares of Itm Power (OTCMKTS:ITMPF – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $1.41, but opened at $1.31. Itm Power shares last traded at $1.31, with a volume of 702 shares trading hands.
Itm Power Stock Down 6.1%
The company’s fifty day moving average price is $1.42 and its 200-day moving average price is $1.52.
Itm Power Company Profile
ITM Power plc is a United Kingdom-based company that designs and manufactures equipment for producing green hydrogen. Its core technology uses proton exchange membrane (PEM) electrolyzers, which split water into hydrogen and oxygen using electricity. When powered by renewable energy, the process can produce hydrogen with low operational carbon emissions.
The company supplies modular electrolyzer systems and integrated hydrogen-production solutions for applications including industrial decarbonization, energy storage, transportation and renewable-energy projects.
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