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Gelion – emphasises “key technology proof point” milestone achieved. Er, what about that update on “solvency/viability and long-term future”?

By Steve Moore | Thursday 4 April 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.

Gelion (GELN) has issued an announcement titled “Li-S Cell High Energy Density Milestone Achieved” and the shares have currently responded over 60% higher to 25p. However, that compares to above 24p at which they commenced this year and a 145p per share AIM listing towards the end of 2021. So attempted ramptastic or recovery value?…
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