Ilika (LON:IKA) Shares Up 29.6% – Here’s What Happened

Ilika plc (LON:IKA) shares were up 29.6% during mid-day trading on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). Approximately 1,905,615 shares were traded during trading, an increase of 254% from the average daily volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Performance

The stock’s 50-day moving average is GBX 22.36 and its 200-day moving average is GBX 23.03. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The stock has a market cap of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA) last announced its quarterly earnings data on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share for the quarter. Ilika had a negative return on equity of 21.33% and a negative net margin of 230.24%. Analysts anticipate that Ilika plc will post -5.0199998 EPS for the current fiscal year.

About Ilika

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires.