Vulcan Energy Resources (LON:VUL) Stock Price Down 2% – Here’s Why

Vulcan Energy Resources plc (LON:VUL) shares dropped 2% during mid-day trading on Friday . The company traded as low as GBX 240 and last traded at GBX 240. Approximately 4,500 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 5,320 shares. The stock had previously closed at GBX 245.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group started coverage on Vulcan Energy Resources in a report on Wednesday, November 5th. They set a “buy” rating and a GBX 287 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 287.

Vulcan Energy Resources Stock Performance

The company has a fifty day moving average of GBX 246.09. The stock has a market cap of £16.26 million and a P/E ratio of -181.08.

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.