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AmmPower Corp ( (TSE:AMMP) ) has shared an announcement.
AmmPower Corp has signed a Memorandum of Understanding with Klean Industries to develop new applications for its ammonia production technologies, aiming to enhance renewable and distributed ammonia solutions in North America. This partnership is expected to facilitate the deployment of green fuel facilities, supporting the adoption of carbon-free fuel and hydrogen energy. Additionally, AmmPower announced a leadership change with David Wojie taking over as Director of Business Development, replacing Eric Kelley.
Spark’s Take on TSE:AMMP Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMMP is a Underperform.
AmmPower Corp’s overall stock score is significantly impacted by its poor financial performance, characterized by consistent losses, negative equity, and a highly leveraged balance sheet. Technical analysis suggests a bearish trend, and the valuation metrics are concerning with a negative P/E ratio and no dividend yield. Without recent earnings call insights or notable corporate events, the stock remains a high-risk investment.
To see Spark’s full report on TSE:AMMP stock, click here.
More about AmmPower Corp
AmmPower is a clean energy company based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan. The company focuses on the production of green ammonia, including green fertilizers, carbon-free shipping fuel, and green hydrogen derivatives. AmmPower has developed the IAMM (Independent Ammonia Making Machine) technology for distributed green ammonia production.
Average Trading Volume: 46,579
Technical Sentiment Signal: Sell
Current Market Cap: C$5.16M
See more data about AMMP stock on TipRanks’ Stock Analysis page.