Vulcan Energy Resources’ (VUL) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Vulcan Energy Resources (LON:VUL) in a research note published on Tuesday, Marketbeat.com reports. They currently have a GBX 308 price target on the stock.

Vulcan Energy Resources Price Performance

Shares of VUL stock opened at GBX 201 on Tuesday. The stock has a market capitalization of £54.82 million and a PE ratio of -4.47. The business’s 50 day simple moving average is GBX 215.43 and its 200 day simple moving average is GBX 234.92. Vulcan Energy Resources has a one year low of GBX 190.55 and a one year high of GBX 282.

Vulcan Energy Resources (LON:VUL) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX (20.28) earnings per share (EPS) for the quarter.

Vulcan Energy Resources is a minerals development company focused on producing low‑carbon lithium chemicals for the electric vehicle and battery sectors. The company is developing a novel, integrated approach that combines geothermal energy production with lithium extraction from high‑salinity geothermal brines, with the aim of creating battery‑grade lithium hydroxide with a substantially reduced carbon footprint compared with conventional hard‑rock or evaporation‑pond sources.

Vulcan’s technical approach centers on exploiting geothermal reservoirs to deliver renewable heat and power while concurrently extracting dissolved lithium using direct lithium extraction (DLE) and associated processing technologies.