Shares of Ilika plc (LON:IKA) rose 13.7% during mid-day trading on Tuesday . The stock traded as high as GBX 32 ($0.42) and last traded at GBX 30.70 ($0.40). Approximately 105,744 shares were traded during trading, an increase of 86% from the average daily volume of 56,826 shares. The stock had previously closed at GBX 27 ($0.35).
Separately, Liberum Capital restated a “buy” rating on shares of Ilika in a report on Thursday, October 18th.
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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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