Vulcan Energy Resources plc (LON:VUL – Get Free Report) shares were up 0.6% during mid-day trading on Thursday . The company traded as high as GBX 265.90 and last traded at GBX 263.50. Approximately 240,994 shares were traded during trading, an increase of 115% from the average daily volume of 112,114 shares. The stock had previously closed at GBX 262.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 323 price target on shares of Vulcan Energy Resources in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 323.
Read Our Latest Stock Analysis on Vulcan Energy Resources
Vulcan Energy Resources Stock Performance
Vulcan Energy Resources (LON:VUL – Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX (45) EPS 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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