Hydrogen Utopia International (LON:HUI) Shares Up 14.6% – Still a Buy?

Hydrogen Utopia International PLC (LON:HUI) rose 14.6% during trading on Friday . The stock traded as high as GBX 2.75 ($0.03) and last traded at GBX 2.75 ($0.03). Approximately 209,996 shares changed hands during trading, an increase of 169% from the average daily volume of 77,985 shares. The stock had previously closed at GBX 2.40 ($0.03).

Hydrogen Utopia International Stock Performance

The company’s fifty day simple moving average is GBX 3.09 and its two-hundred day simple moving average is GBX 4.34. The stock has a market capitalization of £10.60 million, a P/E ratio of -472.50 and a beta of 1.37.

Insiders Place Their Bets

In related news, insider Howard White acquired 500,000 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were bought at an average price of GBX 3 ($0.04) per share, with a total value of £15,000 ($18,527.67). Insiders own 12.97% of the company’s stock.

Hydrogen Utopia International Company Profile

Hydrogen Utopia International (HUI) is a company pioneering the responsible, sustainable remediation of non-recyclable waste plastics into clean fuel hydrogen using unique proprietary technology. HUI is addressing the major environmental threat posed by waste plastic whilst providing alternative energy sources with significantly lower carbon emissions than existing processes with a view to achieving net zero climate impact.