Ilika (LON:IKA) Trading 29.6% Higher - Here's Why

Shares of Ilika plc (LON:IKA - Get Free Report) traded up 29.6% on Wednesday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 1,905,615 shares traded hands during mid-day trading, an increase of 254% from the average session volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Trading Up 2.9 %

The stock has a market capitalization of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94. The firm's 50 day simple moving average is GBX 22.93 and its two-hundred day simple moving average is GBX 23.11. The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07.

Ilika (LON:IKA - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share (EPS) for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. As a group, analysts forecast that Ilika plc will post -5.0199998 earnings per share for the current fiscal year.

About Ilika

Ilika plc LON: IKA is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires.