Shares of Gelion plc (LON:GELN – Get Free Report) were down 3.3% during mid-day trading on Friday . The company traded as low as GBX 17.89 and last traded at GBX 17.89. 83,106 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 245,318 shares. The stock had previously closed at GBX 18.50.
Gelion Stock Performance
The firm has a fifty day moving average of GBX 18.32 and a 200 day moving average of GBX 17.55. The firm has a market capitalization of £41.04 million, a PE ratio of -5.59 and a beta of 0.47.
About Gelion
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.
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