Insider Buying: Gelion plc (LON:GELN) Insider Purchases 16,000 Shares of Stock

Gelion plc (LON:GELNGet Rating) insider Joycelyn Cheryl Morton purchased 16,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were acquired at an average price of GBX 55 ($0.65) per share, for a total transaction of £8,800 ($10,405.58).

Gelion Stock Performance

Gelion stock opened at GBX 55.70 ($0.66) on Thursday. The company has a market cap of £60.25 million and a price-to-earnings ratio of -7.97. Gelion plc has a 52-week low of GBX 54 ($0.64) and a 52-week high of GBX 312 ($3.69). The company has a current ratio of 22.48, a quick ratio of 22.26 and a debt-to-equity ratio of 0.28.

About Gelion

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Gelion plc engages in the research and development, design, manufacture, and sale of battery systems in the United Kingdom and internationally. The company offers zinc-bromide batteries under the Endure name. Its products are used in various applications, which include industrial light towers, solar and wind farms, desalination plants, mining pumps, passenger and heavy vehicles, electric buses and trains, and irrigation systems and other agricultural applications, as well as used by commercial and industrial enterprises and grid operators.

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