Absolutely in my opinion, certainly in the short term, and the approval really came through at a fortuitous time.
Todays trading will be mixed but the Trading Halt required in-conjunction with Wall Streets reaction to Bidens Covid-19 Bill narrowly passing over the weekend, will most certainly work in share holders favour and could well see a strike of 40c with a leveling off around 33c after profit takers.
In the long term however, it really will depend on whether the Hydrogen play can become more than the current MOU's in place. If there is any movement with Hyzon and IMO more importantly with Liberty Hydrogen in the next say... 3 months we can expect a similar share price trajectory as was seen with Hazier.
PH2 Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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