Vulcan Energy Resources (LON:VUL – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 323 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 25.44% from the stock’s previous close.
Vulcan Energy Resources Stock Down 1.0%
Shares of VUL stock traded down GBX 2.50 during mid-day trading on Thursday, hitting GBX 257.50. 29,820 shares of the stock were exchanged, compared to its average volume of 122,967. The firm’s fifty day moving average price is GBX 223.39. Vulcan Energy Resources has a 12-month low of GBX 193.31 and a 12-month high of GBX 268.50. The company has a market capitalization of £70.23 million and a PE ratio of -194.28.
Vulcan Energy Resources (LON:VUL – Get Free Report) last posted its earnings results on Thursday, May 21st. The company reported GBX (45) earnings per share for the quarter.
Vulcan Energy Resources is a minerals development company focused on producing low‑carbon lithium chemicals for the electric vehicle and battery sectors. The company is developing a novel, integrated approach that combines geothermal energy production with lithium extraction from high‑salinity geothermal brines, with the aim of creating battery‑grade lithium hydroxide with a substantially reduced carbon footprint compared with conventional hard‑rock or evaporation‑pond sources.
Vulcan’s technical approach centers on exploiting geothermal reservoirs to deliver renewable heat and power while concurrently extracting dissolved lithium using direct lithium extraction (DLE) and associated processing technologies.
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