SunHydrogen Inc (OTCMKTS:HYSR) is currently one of the more innovative companies considering the fact that it has developed a technology for the production of renewable hydrogen through the use of water and sunlight.
Trading Data
On Tuesday, HYSR stock gained 6.02% to $0.0440 with 12.17 million share, compared to its average volume of 16.69 million shares. The stock has moved within a range of $0.0411 – 0.0465 after opening trade at $0.0413.
SunHydrogen Expands Industrial Partnerships in Scale-Up Process for its Nanoparticle-Based Green Hydrogen Technology
The SunHydrogen stock has been in the middle of a strong rally in recent days and it was the same yesterday as it ended p with gains of 6%. The rally took the gains made by the stock over the course of the past to as much as 25%. Yesterday, SunHydrogen came into focus among investors in a big way after it came up with an update with regards to the process of scaling up of its nanoparticle powered green energy technology.
The announcement was clearly an important one and it seems that investors liked what they heard from the company. The company noted that last year in February it had gone into a partnership with SCHMID Group of Freudenstadt of Germany for the purpose of mass manufacturing of the technology.
The company provided the sort of progress that has been made in recent times thanks to that partnership. At this point in time, it may be a good time to start tracking the SunHydrogen stock closely.
Key Quote
“Our partnership with SCHMID has allowed us to determine that our scale-up process can benefit from a diversified approach,” said SunHydrogen CEO Tim Young. “We look forward to continuing to work with SCHMID to develop our panel housing, while also continuing to engage new industrial partners and move toward commercialization as efficiently as possible.”
Technical Data
HYSR stock is below the 20-Day and 50-Day Moving averages of $0.0420 and $0.0459 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0627. The stock is up 16% in the past month.
