Gelion (LON:GELN) Shares Up 11.2% – Here’s What Happened

Shares of Gelion plc (LON:GELN) rose 11.2% during trading on Thursday. The company traded as high as GBX 22 and last traded at GBX 21.13. Approximately 562,399 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 271,463 shares. The stock had previously closed at GBX 19.

Gelion Price Performance

The stock has a market capitalization of £48.41 million, a PE ratio of -6.59 and a beta of 0.47. The firm’s fifty day moving average price is GBX 15.70 and its two-hundred day moving average price is GBX 17.36. The company has a quick ratio of 22.26, a current ratio of 7.83 and a debt-to-equity ratio of 0.12.

Gelion (LON:GELN) last issued its earnings results on Wednesday, October 21st. The company reported GBX (3.10) earnings per share (EPS) for the quarter. Gelion had a negative return on equity of 40.88% and a negative net margin of 13,169.39%. On average, equities analysts predict that Gelion plc will post 4.90 earnings per share for the current year.

Gelion Company Profile

Gelion is a global energy storage company advancing the transition to a clean, electrified future.

Gelion develops and commercialises next-generation battery technologies for electric mobility, e-aviation, and grid and stationary storage – built for high performance, safety, and cost effectiveness.

At the heart of its technology is Nano-Encapsulated Sulfur (NES™), a proprietary cathode active material. NES™ uses nanoconfinement to unlock the potential of lithium-sulfur and room-temperature sodium-sulfur batteries, targeting high energy density and strong power capability, while overcoming the limitations that have historically held sulfur-based batteries back.