Gelion (LON:GELN) Trading Down 9.6% – What’s Next?

Gelion plc (LON:GELN)’s stock price fell 9.6% during trading on Wednesday . The company traded as low as GBX 24.40 and last traded at GBX 24.40. 2,339,635 shares traded hands during mid-day trading, an increase of 1,737% from the average session volume of 127,355 shares. The stock had previously closed at GBX 27.

Gelion Stock Down 7.6%

The business’s 50 day simple moving average is GBX 22.41 and its 200 day simple moving average is GBX 20.28. The company has a current ratio of 4.73, a quick ratio of 22.26 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of £38.91 million, a PE ratio of -4.07 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.