Clean Power Hydrogen shares plunge as trading resumes

The Clean Power Hydrogen PLC (AIM:CPH2) share price reset, dropping nearly 90%, after trading in the small-cap resumed on Tuesday.

It comes after the UK-based green hydrogen technology company's voluntary suspension and a £2.54 million placing, designed to ease an immediate working-capital squeeze.

Net proceeds are expected to give the company sufficient working capital through to December 2026, to support CPH2’s move towards a capital-light model built around strategic partnerships, manufacturing agreements and global licensing of its proprietary technology.

Last month, the company came under pressure after the irreparable failure of its test unit in what was a final customer acceptance test at a facility in Doncaster.

In London on Tuesday, the shares was down 87.7% changing hands at 1.4p.