Vulcan Energy Resources (LON:VUL – Get Free Report) had its price objective cut by analysts at Canaccord Genuity Group from GBX 323 to GBX 308 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 38.70% from the stock’s current price.
Vulcan Energy Resources Trading Down 12.2%
Shares of VUL stock opened at GBX 222.06 on Tuesday. The company has a market capitalization of £60.57 million and a P/E ratio of -4.93. The business’s 50 day moving average is GBX 267.47 and its two-hundred day moving average is GBX 242.28. Vulcan Energy Resources has a twelve month low of GBX 193.31 and a twelve month high of GBX 282.
Vulcan Energy Resources (LON:VUL – Get Free Report) last released its quarterly earnings results 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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