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Gelion – interims argue “confident… well positioned to continue developing relevant energy storage solutions”. Is it though?…

By Steve Moore | Wednesday 27 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Describing itself as an “Anglo-Australian battery innovator”, Gelion (GELN) today states that it “is pleased to announce its interim results for the six months ended 31 December 2023” and emphasises “the progress that is being made every day organically by both our Lithium Sulfur and Zinc Hybrid teams to bring the pieces together and establish Gelion's unique proposition”. However, why are the shares then at 15.25p comparing to an even start-of-2024 above 24p?
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