Invinity Energy Systems (LON:IES) Shares Up 2.1% - Here's What Happened

Invinity Energy Systems plc (LON:IES - Get Free Report)'s stock price shot up 2.1% during mid-day trading on Monday . The stock traded as high as GBX 13 ($0.17) and last traded at GBX 12.50 ($0.17). 2,066,377 shares were traded during mid-day trading, an increase of 94% from the average session volume of 1,064,152 shares. The stock had previously closed at GBX 12.24 ($0.16).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 40 ($0.53) price objective on shares of Invinity Energy Systems in a research note on Monday, March 31st.

Invinity Energy Systems Stock Down 1.0 %

The stock has a 50 day moving average price of GBX 10.65 and a 200 day moving average price of GBX 12.82. The company has a market cap of £52.48 million, a P/E ratio of -1.38 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96.

About Invinity Energy Systems

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across 82 sites in 15 countries, more than any other company in the space.