Ceramic Fuel Cells fell after announcing the resignation of two of its senior bosses.
The company, which makes generators that use fuel cell technology to convert natural gas into electricity and heat, said managing director John Dempsey had left the firm on 31st December.
The business also confirmed that Chief Executive Brendan Dow had stepped down on the same date.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The announcements gave no further details of the circumstances of the resignations.
However, when Dow's resignation was revealed in October, the firm put it down to "significant changes as it moves the focus of its operations to Europe".
Ceramic's shares were down 3% at 1530 on Wednesday following the announcement.
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
