Nel ASA (OTCMKTS:NLLSF) Trading 3.1% Higher – Still a Buy?

Nel ASA (OTCMKTS:NLLSFGet Free Report)’s share price shot up 3.1% during mid-day trading on Wednesday . The stock traded as high as $0.2330 and last traded at $0.2330. 1,584 shares changed hands during trading, a decline of 84% from the average session volume of 9,730 shares. The stock had previously closed at $0.2259.

Nel ASA Price Performance

The company’s fifty day simple moving average is $0.23 and its 200 day simple moving average is $0.24.

Nel ASA Company Profile

(Get Free Report)

Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.

Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.

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