Shares of ITM Power plc (LON:ITM) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 61.75 ($0.80) and last traded at GBX 50.50 ($0.65), with a volume of 1,118,700 shares. The stock had previously closed at GBX 56 ($0.72).

The company has a 50 day moving average price of GBX 31.46 and a 200 day moving average price of GBX 23.40. The company’s market capitalization is GBX 126.56 million.

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ITM Power plc Company Profile

ITM Power Plc designs and manufactures integrated hydrogen energy solutions for energy storage and clean fuel production. The Company has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The Company’s product, HGas, is designed for Power-to-Gas applications. HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks or through methanation processes without additional compression.

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