ITM Power (OTCMKTS:ITMPF) Trading Down 7.5% – Should You Sell?

Shares of ITM Power Plc (OTCMKTS:ITMPFGet Free Report) were down 7.5% on Thursday . The stock traded as low as $0.46 and last traded at $0.46. Approximately 622 shares changed hands during trading, a decline of 93% from the average daily volume of 8,622 shares. The stock had previously closed at $0.49.

ITM Power Stock Performance

The company has a 50 day moving average of $0.45 and a two-hundred day moving average of $0.58.

About ITM Power

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ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. Its product portfolio includes TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a cutting-edge 20 MW module for large-scale projects.

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