Gelion (LON:GELN) Shares Down 9.6% – Here’s Why

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

Gelion Trading Down 11.1%

The business’s 50 day simple moving average is GBX 22.26 and its two-hundred day simple moving average is GBX 20.15. The stock has a market cap of £42.44 million, a P/E ratio of -4.44 and a beta of -0.22. The company has a quick ratio of 22.26, a current ratio of 4.73 and a debt-to-equity ratio of 0.07.

Gelion Company Profile

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.