Vulcan Energy Resources (LON:VUL – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX (20.28) earnings per share for the quarter, Digital Look Earnings reports.
Vulcan Energy Resources Stock Performance
Shares of LON VUL traded up GBX 8.50 during midday trading on Tuesday, reaching GBX 202. The stock had a trading volume of 47,894 shares, compared to its average volume of 93,199. Vulcan Energy Resources has a twelve month low of GBX 190.55 and a twelve month high of GBX 282. The company’s 50 day moving average price is GBX 218.93 and its 200 day moving average price is GBX 235.59. The firm has a market cap of £55.10 million and a price-to-earnings ratio of -4.49.
Analyst Ratings Changes
Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 308 target price on shares of Vulcan Energy Resources in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Vulcan Energy Resources currently has a consensus rating of “Buy” and an average price target of GBX 308.
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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