Pineapple Power (LON:PNPL) Shares Down 5.5% – Here’s Why

Pineapple Power Co. plc (LON:PNPL)’s share price dropped 5.5% during mid-day trading on Wednesday . The stock traded as low as GBX 2.74 ($0.04) and last traded at GBX 2.74 ($0.04). Approximately 637,887 shares changed hands during mid-day trading, an increase of 255% from the average daily volume of 179,851 shares. The stock had previously closed at GBX 2.90 ($0.04).

Pineapple Power Stock Performance

The stock’s 50-day moving average is GBX 2.74 and its 200 day moving average is GBX 2.74. The stock has a market capitalization of £2.28 million, a PE ratio of -274.00 and a beta of 1.15.

About Pineapple Power

Pineapple Power Corporation plc does not have significant operations. The company intends to acquire a business or asset in the clean and renewable energy sectors. Pineapple Power Corporation plc was incorporated in 2014 and is based in London, the United Kingdom.