Gresham House Energy Storage (LON:GRID) Shares Down 0.3% – Should You Sell?

Gresham House Energy Storage (LON:GRID)’s stock price dropped 0.3% during mid-day trading on Friday . The company traded as low as GBX 45.90 ($0.59) and last traded at GBX 45.90 ($0.59). Approximately 571,631 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,049,846 shares. The stock had previously closed at GBX 46.05 ($0.60).

Gresham House Energy Storage Stock Performance

The firm’s 50-day moving average is GBX 45.76 and its two-hundred day moving average is GBX 48.34. The stock has a market cap of £260.58 million, a P/E ratio of -1.32 and a beta of 0.26.

About Gresham House Energy Storage

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.