PowerCell Sweden AB (publ) (OTCMKTS:PCELF) Shares Down 5.4% – Here’s What Happened

PowerCell Sweden AB (publ) (OTCMKTS:PCELF)’s stock price was down 5.4% during mid-day trading on Monday . The company traded as low as $2.80 and last traded at $2.80. Approximately 500 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 733 shares. The stock had previously closed at $2.96.

PowerCell Sweden AB (publ) Price Performance

The firm has a fifty day moving average price of $2.96 and a 200 day moving average price of $2.72.

About PowerCell Sweden AB (publ)

PowerCell Sweden AB (publ) develops and produces fuel cells stacks and fuel cell systems in Sweden, Germany, the United States, Netherlands, the United States, Norway, and internationally. It operates through Aviation, Marine, Off-Road, On-Road, And Power Generation segments. The company offers Power Generation 5, a system that is used for integration with the customized output to a certain power and voltage target; Power Generation System 200, a compact fuel cell system that operates low inlet pressures for various renewable fuels; and Power Generation System 100, a fuel cell system that enables durable and flexible use, with an electric output of up to 100 kW specifically designed to accomplish compact integration together with a high-power output and robust construction.