Proton Motor Power Systems (LON:PPS) Stock Price Down 23.9% – Time to Sell?

Proton Motor Power Systems Plc (LON:PPS) dropped 23.9% during mid-day trading on Tuesday . The company traded as low as GBX 0.32 ($0.00) and last traded at GBX 0.34 ($0.00). Approximately 3,362,118 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 1,181,155 shares. The stock had previously closed at GBX 0.44 ($0.01).

Proton Motor Power Systems Stock Performance

The business’s fifty day moving average is GBX 0.30 and its 200-day moving average is GBX 0.87. The firm has a market cap of £5.56 million, a P/E ratio of -33.50 and a beta of 1.36.

About Proton Motor Power Systems

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.