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The latest update is out from Gelion PLC ( (GB:GELN) ).
Gelion PLC has announced an equity fundraising initiative to raise approximately £1.5 million through the issue of new ordinary shares, with plans to use the proceeds for additional working capital and to advance its battery technologies. The company also plans to appoint Dr. Graham Cooley as a Non-Executive Director, who brings extensive experience in the power, energy storage, and hydrogen sectors. This strategic move is designed to fortify Gelion’s position in the evolving battery landscape and facilitate the development of an Advanced Commercial Prototyping Centre, supported by a grant from the Australian Government.
More about Gelion PLC
Gelion PLC is an Anglo-Australian company specializing in innovative battery technologies, particularly focusing on Lithium-sulfur batteries. The company aims to integrate its technologies into global supply chains, positioning itself in the energy storage market with emphasis on energy density, cost efficiency, and safety.
YTD Price Performance: -28.13%
Average Trading Volume: 12,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £23.8M
See more insights into GELN stock on TipRanks’ Stock Analysis page.
