ERM Power (ASX:EPW) Reaches New 1-Year High at $2.50

ERM Power Ltd (ASX:EPW)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as A$2.50 ($1.77) and last traded at A$2.45 ($1.73), with a volume of 1236365 shares. The stock had previously closed at A$1.72 ($1.22).

The company has a market cap of $610.71 million and a price-to-earnings ratio of -9.76. The business’s fifty day moving average price is A$1.85 and its 200 day moving average price is A$1.81. The company has a debt-to-equity ratio of 53.49, a current ratio of 1.16 and a quick ratio of 0.80.

In related news, insider Jon Stretch sold 360,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of A$1.89 ($1.34), for a total value of A$678,600.00 ($481,276.60).

About ERM Power (ASX:EPW)

ERM Power Limited, a diversified energy company, engages in the generation and sale of electricity in Australia and the United States. It operates through Business Energy Australia, Generation Assets, and Other segments. The company operates 662 megawatts of low emission gas-fired power stations in Western Australia and Queensland.

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