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IN BRIEF: Proton Motor Power Sees No Reason For Share Price Spike

4th Jun 2020 15:28

Proton Motor Power Systems PLC - hydrogen fuel cells - Says "not aware of any material reason" for the recent rise in its share price on AIM. The stock has more than doubled this week, starting Monday at 34.00 pence, its same price exactly a year ago. Proton Motor Power noted its trading statement on April 16, which said that its Puchheim remains fully open and production capacity has been unaffected by Covid-19. The company received a record order intake in the first quarter of 2020 at EUR6.4 million, it said, and remains on track to fulfil all deliveries to customers. Expects to announce annual results the week beginning June 22.

Current stock price: 72.20p

12-month change: up 113%

By Tom Waite; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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