Vulcan Energy Resources (LON:VUL – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (45) earnings per share for the quarter, Digital Look Earnings reports.
Vulcan Energy Resources Stock Performance
The stock has a market cap of £69.42 million and a price-to-earnings ratio of -192.02. Vulcan Energy Resources has a 1 year low of GBX 193.31 and a 1 year high of GBX 268.50. The company has a fifty day simple moving average of GBX 224.60.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 323 price target on shares of Vulcan Energy Resources in a research report on Thursday. One 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 a consensus target price of GBX 323.
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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