BlackRock Energy and Resources (LON:BERI) Trading Up 1.7% – Here’s What Happened

BlackRock Energy and Resources Inc (LON:BERI)’s share price was up 1.7% during mid-day trading on Wednesday . The company traded as high as GBX 118 ($1.53) and last traded at GBX 118 ($1.53). Approximately 185,673 shares traded hands during trading, a decline of 22% from the average daily volume of 238,769 shares. The stock had previously closed at GBX 116 ($1.50).

BlackRock Energy and Resources Stock Performance

The business has a 50-day simple moving average of GBX 119.19 and a 200-day simple moving average of GBX 118.48. The company has a market cap of £137.58 million, a price-to-earnings ratio of 6.10 and a beta of 0.98.

BlackRock Energy and Resources (LON:BERI) last released its quarterly earnings results on Monday, February 3rd. The company reported GBX 3.63 ($0.05) EPS for the quarter. BlackRock Energy and Resources had a return on equity of 14.20% and a net margin of 87.97%.

BlackRock Energy and Resources Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 1.13 ($0.01) per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, March 27th. BlackRock Energy and Resources’s dividend payout ratio is presently 26.28%.

About BlackRock Energy and Resources

The Company aims to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sectors.