The +8.5% rise in #HYR today might herald a bit of a recovery for this out-of-favour company. The down-trend for #HYR has been pretty relentless since July 2016, but maybe the price has bottomed? I hope so as I bought at 2.3p and would welcome a close above current resistance and a return to 4.72p.
Hydrocdec has produced a loss year after year and it gets tiresome to watch. Then wow all of a sudden its seems to be on the right track and reported a profit "Hydrodec Group PLC said it has experienced the "strongest" quarterly profit performance in its history as it swung to profit amid attempts to expand production through an increase in feed-stock." This now makes this stock worthy of a decent look. Both its current liabilities and assets seem stable in ratio.
Chris Ellis,Chief Executive Officer also seems pleased and expects these positive steps in making Hydrodec profitable .