Ilika (OTCMKTS:ILIKF) Trading 9.6% Higher – Time to Buy?

Ilika plc (OTCMKTS:ILIKF) shares traded up 9.6% during mid-day trading on Friday . The company traded as high as $0.4025 and last traded at $0.40. 34,735 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 47,910 shares. The stock had previously closed at $0.3650.

Ilika Stock Up 9.6%

The stock has a fifty day simple moving average of $0.37 and a 200-day simple moving average of $0.48.

Ilika Company Profile

Ilika plc is a UK‐based technology company founded in 2004 as a spin‐out from the University of Southampton. The company specializes in the research, development and commercialization of solid‐state battery technology, aiming to deliver safer, more robust energy storage solutions compared with conventional lithium‐ion chemistries. Headquartered in Southampton with a manufacturing and scale‐up facility at the Materials Innovation Factory in Cheshire, Ilika applies thin‐film processing techniques to create wafer‐level batteries designed for integration into miniature devices.

At the core of Ilika’s product portfolio is the Stereax range of all‐solid‐state micro‐batteries.