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Ilika (LON:IKA) Trading 26.1% Higher - Here's What Happened

Ilika logo with Industrials background

Ilika plc (LON:IKA - Get Free Report) shares were up 26.1% during trading on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 34.06 ($0.42). Approximately 1,050,205 shares were traded during trading, an increase of 108% from the average daily volume of 504,026 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Trading Up 2.9 %

The firm's 50-day moving average price is GBX 22.93 and its 200 day moving average price is GBX 23.11. The company has a market cap of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94. The company has a current ratio of 7.86, a quick ratio of 15.43 and a debt-to-equity ratio of 3.07.

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

About Ilika

(Get Free Report)

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.

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