Gelion (LON:GELN) Trading Up 5% – Should You Buy?

Gelion plc (LON:GELN)’s share price shot up 5% during trading on Monday . The stock traded as high as GBX 21 and last traded at GBX 21. 208,612 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 145,628 shares. The stock had previously closed at GBX 20.

Gelion Trading Down 3.5%

The stock’s fifty day simple moving average is GBX 22.49 and its 200-day simple moving average is GBX 20.86. 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 firm has a market cap of £35.84 million, a PE ratio of -3.75 and a beta of -0.22.

About Gelion

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.