Proton Motor Power Systems (LON:PPS) Trading Down 27.3% – Here’s What Happened

Proton Motor Power Systems Plc (LON:PPS) dropped 27.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 0.20 ($0.00). 1,796,871 shares changed hands during trading, an increase of 253% from the average daily volume of 509,372 shares. The stock had previously closed at GBX 0.28 ($0.00).

Proton Motor Power Systems Stock Performance

The firm has a market capitalization of £3.40 million, a price-to-earnings ratio of -20.50 and a beta of 1.36. The business has a fifty day moving average price of GBX 0.32 and a 200 day moving average price of GBX 0.90.

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.