Ilika plc (LON:IKA)’s share price traded up 13.7% during trading on Tuesday . The stock traded as high as GBX 32 ($0.42) and last traded at GBX 30.70 ($0.40). 105,744 shares traded hands during trading, an increase of 86% from the average session volume of 56,826 shares. The stock had previously closed at GBX 27 ($0.35).
Separately, Liberum Capital dropped their target price on shares of Ilika from GBX 44 ($0.57) to GBX 41 ($0.54) and set a “buy” rating on the stock in a report on Thursday, January 17th.
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Ilika plc engages in the design, development, and production of methods of material synthesis, characterization, and screening for use in the automotive, aeronautical, and electronic components sectors primarily in Asia, Europe, and North America. The company develops solid state batteries for a range of applications in the Internet of things, smart home/building, medical, automotive, and transportation sectors.
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