Vulcan Energy Resources (LON:VUL) Price Target Raised to GBX 323

Vulcan Energy Resources (LON:VUL) had its price objective hoisted by Canaccord Genuity Group from GBX 287 to GBX 323 in a research report sent to investors on Friday,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

Vulcan Energy Resources Price Performance

The firm has a 50 day moving average price of GBX 229.56. Vulcan Energy Resources has a 1-year low of GBX 200 and a 1-year high of GBX 260. The company has a market cap of £14.23 million and a P/E ratio of -158.70.

Vulcan Energy Resources is a minerals development company focused on producing low‑carbon lithium chemicals for the electric vehicle and battery sectors. The company is developing a novel, integrated approach that combines geothermal energy production with lithium extraction from high‑salinity geothermal brines, with the aim of creating battery‑grade lithium hydroxide with a substantially reduced carbon footprint compared with conventional hard‑rock or evaporation‑pond sources.

Vulcan’s technical approach centers on exploiting geothermal reservoirs to deliver renewable heat and power while concurrently extracting dissolved lithium using direct lithium extraction (DLE) and associated processing technologies.