The latest update is out from First Hydrogen ( (TSE:FHYD) ).
First Hydrogen Corp. has announced the settlement of $341,308.66 in accrued interest by issuing 948,080 common shares at a price of C$0.36 per share. This move reflects the company’s strategic financial management and may enhance its market positioning by converting debt into equity, potentially benefiting stakeholders by improving liquidity and reducing financial liabilities.
More about First Hydrogen
First Hydrogen Corp. is a company based in Vancouver, Montreal, and London, UK, focusing on zero-emission vehicles and green hydrogen production and distribution. The company has developed hydrogen-fuel-cell-powered light commercial vehicles, which are road-legal in the UK and have been successfully tested with fleet operators.
YTD Price Performance: 17.60%
Average Trading Volume: 7,718
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.06M
See more data about FHYD stock on TipRanks’ Stock Analysis page.