This morning the NewHydrogen Inc (OTCMKTS:NEWH) stock is likely to come into considerable focus among investors considering the fact that it had been one of the notable movers on Friday.
Trading Data
On Friday, NEWH stock soared 16.72% at $0.0370 with more than 9.77 million shares, compared to its average volume of 5.77 shares. The stock has moved within a range of $0.0309 – 0.0373 after opening trade at $0.0310.
Latest News
The stock had come on to the radars of investors on Friday after the company provided its thoughts on the Infrastructure Investment and Jobs Act, which had been passed recently. It is one of the more important acts to have been passed in recent years and for NewHydrogen, it is particularly important since it includes provisions for considerable investments in the field of clean hydrogen projects.
The company noted on Friday that it believes that the Infrastructure Investment and Jobs Act will open up significant opportunities for companies involved in the green hydrogen technologies space. At this point in time, NewHydrogen is involved in the development of such a technology and hence, the announcement from the company was welcomed with enthusiasm by market participants.
The NewHydrogen stock soared by as much as 17% amidst heavy interest from investors. As much as $550 billion is going to be invested in the infrastructure of the United States as part of this programme and the excitement about the stock is perhaps not misplaced.
Key Quote
”This is a watershed moment for the green hydrogen industry where political will and government funding have finally come together to help make the Hydrogen Economy a reality,” said Dr. David Lee, CEO of NewHydrogen. “To quote the famous French poet Victor Hugo, ‘No army can stop an idea whose time has come!’ The time for green hydrogen has come.”
Technical Data
NEWH stock is trading above the 20-Day and 50-Day Moving averages of $0.0300 and $0.0233 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.365. The stock is up 112% in the past 3-month.
