Vulcan Energy Resources (LON:VUL – Get Free Report) posted 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 Price Performance
Shares of LON VUL opened at GBX 192.05 on Tuesday. The stock has a market capitalization of £52.38 million and a P/E ratio of -4.27. Vulcan Energy Resources has a one year low of GBX 190.55 and a one year high of GBX 282. The firm’s 50 day simple moving average is GBX 218.93 and its two-hundred day simple moving average is GBX 235.59.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 308 price target on shares of Vulcan Energy Resources in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vulcan Energy Resources has a consensus rating of “Buy” and an average target price 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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