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Pure Hydrogen Corporation Limited Registered Shs ( (AU:PH2) ) just unveiled an announcement.
Pure Hydrogen Corporation Limited has received a claim from Pure Haul Pty Limited for an alleged contract repudiation, seeking $8.1 million in damages. The company considers the claim baseless and plans to defend it vigorously, while also contemplating a counterclaim. This legal matter may impact the company’s operations and stakeholder confidence, although Pure Hydrogen remains confident in its position.
More about Pure Hydrogen Corporation Limited Registered Shs
Pure Hydrogen Corporation Limited is a clean energy-focused company aiming to lead the development of hydrogen and energy projects using advanced technology. It plans to supply hydrogen fuel to Australian and Asia Pacific markets by producing Green, Emerald, and Turquoise Hydrogen. Additionally, the company is involved in natural gas projects in Australia and Botswana and holds a strategic investment in a Botswana-focused energy company. Pure Hydrogen also seeks to incubate early-stage projects in the clean energy sector for potential profit.
YTD Price Performance: -6.67%
Average Trading Volume: 351,880
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.6M
For an in-depth examination of PH2 stock, go to TipRanks’ Stock Analysis page.
