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Share Price Information for Powerhouse Ener (PHE)

London Stock Exchange
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Share Price: 1.925
Bid: 1.90
Ask: 1.95
Change: 0.07 (3.63%)
Spread: 0.05 (2.632%)
Open: 1.90
High: 2.025
Low: 2.00
Prev. Close: 1.93
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IN BRIEF: Powerhouse Energy raises GBP1 million via share placing

Tue, 22nd Aug 2023 12:27

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Raises GBP1 million before expenses, via a placing of 200.0 million shares at a price of 0.5 pence per share. The placing was arranged by Powerhouse's broker, Turner Pope Investments Ltd.

Says the fundraising was undertaken to increase cash reserves following a revision of the business model and to cover a significant proportion of the build and fit-out costs for the company's new technology centre in Bridgend. The technology centre will become the Powerhouse's new head office as well as housing a scale version of its new feedstock testing unit.

Current stock price: 0.63 pence, down 16% in London on Tuesday

12-month change: down 64%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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