Ilika (LON:IKA) Shares Up 29.6% - Here's Why

Shares of Ilika plc (LON:IKA - Get Free Report) shot up 29.6% during trading on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 1,905,615 shares changed hands during 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 Stock Performance

The stock 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's fifty day simple moving average is GBX 22.93 and its two-hundred day simple moving average is GBX 23.11. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43.

Ilika (LON:IKA - Get Free Report) last posted 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%. On average, analysts forecast that Ilika plc will post -5.0199998 earnings per share for the current year.

Ilika Company Profile

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.