Gelion (LON:GELN) Trading Down 12.7% – What’s Next?

Gelion plc (LON:GELN) fell 12.7% during trading on Monday . The company traded as low as GBX 13.68 and last traded at GBX 14. 127,933 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 131,748 shares. The stock had previously closed at GBX 16.04.

Gelion Stock Down 12.7%

The stock has a market capitalization of £32.12 million, a P/E ratio of -3.41 and a beta of 0.04. The firm has a 50-day moving average of GBX 18.99 and a 200 day moving average of GBX 20.40.

Gelion (LON:GELN) last announced its quarterly earnings results on Monday, March 2nd. The company reported GBX (1.70) earnings per share (EPS) for the quarter. Gelion had a negative net margin of 592.70% and a negative return on equity of 42.23%. Analysts predict that Gelion plc will post 4.8979592 EPS for the current fiscal year.

Insider Buying and Selling at Gelion

In other Gelion news, insider Amit Gupta bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average cost of GBX 19 per share, for a total transaction of £9,500. Company insiders own 11.94% of the company’s stock.

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.