Nel ASA (OTCMKTS:NLLSF) Shares Down 0.9% – Here’s Why

Nel ASA (OTCMKTS:NLLSF)’s stock price dropped 0.9% during mid-day trading on Monday . The stock traded as low as $0.38 and last traded at $0.38. Approximately 28,021 shares changed hands during trading, a decline of 16% from the average daily volume of 33,189 shares. The stock had previously closed at $0.39.

Nel ASA Stock Performance

The firm has a 50 day moving average of $0.48 and a 200-day moving average of $0.53.

About Nel ASA

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles.