AMTE Power (LON:AMTE) Trading Down 7.9% – Here’s Why

AMTE Power plc (LON:AMTE)’s share price traded down 7.9% during mid-day trading on Friday . The stock traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.88 ($0.01). 11,579,817 shares traded hands during mid-day trading, an increase of 131% from the average session volume of 5,002,373 shares. The stock had previously closed at GBX 0.95 ($0.01).

AMTE Power Stock Down 7.9 %

The stock has a market cap of £2.15 million, a PE ratio of -4.61 and a beta of 1.55. The business has a 50 day moving average of GBX 0.88 and a 200-day moving average of GBX 0.88. The company has a current ratio of 1.08, a quick ratio of 1.56 and a debt-to-equity ratio of 72.91.

About AMTE Power

AMTE Power plc, together with its subsidiaries, develops and manufactures lithium-ion battery cells for specialist markets primarily in the United Kingdom. The company's products include Ultra High Power, a battery cell to automotive sectors of high-performance electric vehicles, hybrid vehicles, and fuel cell electric vehicles; Ultra Prime, a non-rechargeable cell designed for use for the for applications where temperature, access and depth are key considerations; Ultra Safe, a sodium-ion cell battery energy storage for renewable power, including for residential use and in remote locations without grid access; and Ultra Energy, which is available in cylindrical cell format for the energy needs of the market.