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Here’s Why HAYD Share Price Surged 35% Higher Today

Updated: 19 Aug 2020

Shares of Haydale Graphene Industries PLC (LON: HAYD) today surged 35% higher in a delayed response to the company’s improved Dry Plasma HDPlas process.

The company released a report last week revealed that it had improved its Dry Plasma process to generate 28% functionalism as compared to the previous 21% functionalism.

The market has taken a while to react to the positive developments that have seen the company rise to the top of the Graphene industry in the UK and claim a strong position globally through strategic partnerships.

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Investors may also have been reacting to the positive research report published yesterday indicating Haydale’s strong positioning in the rapidly growing industry.

The stock is likely to keep rallying after a slight pullback given that the recent move formed a parabolic rally, which is usually followed by a decline.

HAYD share price

Tradingview chart of HAYD share price 19082020

HAYD stock rallied 35% to a high of 9.10p having closed yesterday’s session trading at 6.74p.

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