Redt Energy PLC (LON:RED) shares shot up 0% during mid-day trading on Monday . The stock traded as high as GBX 6.63 ($0.09) and last traded at GBX 6.45 ($0.09). 1,957,876 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 916,894 shares. The stock had previously closed at GBX 6.45 ($0.09).
Separately, VSA Capital restated a “buy” rating and issued a GBX 22 ($0.30) price objective on shares of Redt Energy in a research note on Monday.
The firm has a market cap of $41.51 and a P/E ratio of -665.00.
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Redt Energy Company Profile
redT energy plc, formerly Camco Clean Energy plc, is engaged in developing and supplying energy storage systems based on vanadium redox flow technology for on and off-grid applications. The Company’s segments include US business, Africa Clean Energy business, redT Energy Storage business and Group (Other).
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