Gelion (LON:GELN) Trading Down 5.4% – Here’s What Happened

Gelion plc (LON:GELN)’s stock price dropped 5.4% during mid-day trading on Thursday . The stock traded as low as GBX 18 and last traded at GBX 18.67. Approximately 131,844 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 143,050 shares. The stock had previously closed at GBX 19.75.

Gelion Price Performance

The company’s 50-day simple moving average is GBX 22.22 and its 200-day simple moving average is GBX 21.77. The company has a market cap of £42.83 million, a price-to-earnings ratio of -4.55 and a beta of -0.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.73 and a quick ratio of 22.26.

Gelion (LON:GELN) last released its quarterly earnings results on Thursday, November 27th. The company reported GBX (4.10) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Gelion plc will post 4.8979592 EPS for the current year.

Gelion Company Profile

Gelion (“gel: ion”) is a global energy storage innovator, supporting the transition to a more sustainable economy by commercialising globally important next generation battery technologies: Sulfur based, Lithium-Sulfur (Li-S), Sodium-Sulfur (Na-S) and Zinc-based (Zn) hybrid cells to electrify mobile and stationary applications and battery recycling technology.

Gelion plc (the Group) is listed on the London Stock Exchange’s Alternative Investment Market and wholly owns UK based OXLiD Ltd and Battery Minerals Ltd and Australia based Gelion Technologies Pty Ltd.