Gelion (LON:GELN) Trading Down 2.7% – Here’s What Happened

Gelion plc (LON:GELN) was down 2.7% during mid-day trading on Tuesday . The company traded as low as GBX 18 and last traded at GBX 18. Approximately 31,224 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 144,219 shares. The stock had previously closed at GBX 18.50.

Gelion Stock Down 2.7%

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.73 and a quick ratio of 22.26. The business’s fifty day moving average price is GBX 19.72 and its two-hundred day moving average price is GBX 21.23. The stock has a market capitalization of £41.30 million, a PE ratio of -4.39 and a beta of -0.22.

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

Insider Activity at Gelion

In other news, insider Amit Gupta bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average price of GBX 19 per share, for a total transaction of £9,500. 11.94% of the stock is owned by company insiders.

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.