Vulcan Energy Resources (LON:VUL) Issues Earnings Results

Vulcan Energy Resources (LON:VUL) released its earnings results on Thursday. The company reported GBX (45) earnings per share for the quarter, Digital Look Earnings reports.

Vulcan Energy Resources Price Performance

Shares of VUL stock opened at GBX 257.50 on Thursday. The stock’s fifty day moving average is GBX 223.39. Vulcan Energy Resources has a 12-month low of GBX 193.31 and a 12-month high of GBX 268.50. The company has a market capitalization of £70.23 million and a P/E ratio of -194.28.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on shares of Vulcan Energy Resources from GBX 287 to GBX 323 and gave the stock a “buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Vulcan Energy Resources presently has a consensus rating of “Buy” and an average 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.