SunHydrogen Inc (OTCMKTS:HYSR) is currently best known for having developed a novel technology that can help in the production of renewable hydrogen through water and sunlight. It is an innovative company and hence it is no surprise that it garners a fair degree of attention among investors.
Trading Data
On Monday, HYSR stock soared 14.67% to $0.0383 with 29.53 million shares, compared to its average Monday of 9.96 million shares. The stock moved within a range of $0.0355 – 0.0387 after opening trade at $0.0363. However, the stock is up 22% in the premarket session at $0.0363.
SunHydrogen Announces Progress Toward 2022 Milestones for Commercialization of its Nanoparticle-Based Green Hydrogen Technology
As it happens, the stock came into focus on Monday in a big way and ended up with gains of as much as 15% as a consequence. Yesterday, the company came into focus after Dr Syed Mubeen, its Chief Scientific Officer, provided an update with regards to the progress made by SunHydrogen in relation to a range of milestones that the company is targeting in 2022.
He noted that over the course of the previous six months SunHydrogen had been engaged in building up partnerships with many industries in different countries. The countries include Japan, South Korea, United States and Germany. It goes without saying that partnerships in such highly industrialised nations could be a major long term boost to the company.
Hence, it was perhaps not a surprise that the stock rallied strongly on Monday. It may be a good idea now to add the stock to your watch lists.
Technical Data
HYSR stock is trading above the 20-Day and 50-Day Moving averages of $0.0366 and $0.0377 respectively. However, the stock is trading below the 200-Day moving average of $0.0529.
