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Ilika's stock soar by 29.6% despite financial struggles, as company focuses on solid-state battery tech.
Ilika's stock surged 29.6% on Wednesday, reaching GBX 35 ($0.43), with trading volume up 254%.
Despite reporting negative financial metrics like return on equity and net margin, the solid-state battery company's market cap stands at £58.56 million.
Ilika focuses on Stereax micro batteries for IoT and MedTech and Goliath large batteries for EVs and consumer electronics.
Analysts predict ongoing financial challenges with a forecasted -5.0199998 EPS for the current year.
2 months ago
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