Ilika (LON:IKA) Shares Up 15.2% – Time to Buy?

Shares of Ilika plc (LON:IKA) traded up 15.2% during mid-day trading on Tuesday . The stock traded as high as GBX 34 and last traded at GBX 34. 642,662 shares were traded during trading, an increase of 128% from the average session volume of 282,096 shares. The stock had previously closed at GBX 29.50.

Ilika Stock Performance

The company has a debt-to-equity ratio of 3.18, a current ratio of 9.07 and a quick ratio of 15.43. The company has a market cap of £65.10 million, a price-to-earnings ratio of -7.93 and a beta of 2.02. The business’s fifty day moving average price is GBX 27.81 and its 200 day moving average price is GBX 35.96.

About Ilika

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability.