Gelion (LON:GELN) Shares Climb 26% – Still a Buy?

Gelion plc (LON:GELN)’s stock price rose 26% during trading on Monday. The stock traded as high as GBX 18 and last traded at GBX 16.70. 1,039,907 shares traded hands during mid-day trading, an increase of 303% from the average session volume of 258,219 shares. The stock had previously closed at GBX 13.25.

Gelion Price Performance

The firm has a 50-day simple moving average of GBX 15.52 and a 200 day simple moving average of GBX 16.89. The company has a market capitalization of £39.10 million, a PE ratio of -5.33 and a beta of 0.47.

Gelion (LON:GELN) last issued its earnings results on Wednesday, October 21st. The company reported GBX (3.10) earnings per share for the quarter. Gelion had a negative return on equity of 42.23% and a negative net margin of 592.70%. Equities research analysts expect that Gelion plc will post 4.90 EPS for the current fiscal 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.