Gelion (LON:GELN) Stock Price Down 6.4% – Here’s Why

Gelion plc (LON:GELN)’s share price dropped 6.4% on Monday . The company traded as low as GBX 16 and last traded at GBX 16.85. Approximately 232,544 shares changed hands during trading, a decline of 28% from the average daily volume of 321,749 shares. The stock had previously closed at GBX 18.

Gelion Trading Down 12.5%

The company has a market cap of £36.13 million, a PE ratio of -4.92 and a beta of 0.29. The business has a 50 day simple moving average of GBX 16.30 and a two-hundred day simple moving average of GBX 19.40.

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

About Gelion

Gelion is a global energy storage company advancing the transition to a clean, electrified future.

Gelion develops and commercialises next-generation battery technologies for electric mobility, e-aviation, and grid and stationary storage – built for high performance, safety, and cost effectiveness.

At the heart of its technology is Nano-Encapsulated Sulfur (NES™), a proprietary cathode active material. NES™ uses nanoconfinement to unlock the potential of lithium-sulfur and room-temperature sodium-sulfur batteries, targeting high energy density and strong power capability, while overcoming the limitations that have historically held sulfur-based batteries back.