BlackRock Energy and Resources (LON:BERI) Stock Price Down 1.9% – Here’s What Happened

BlackRock Energy and Resources Inc (LON:BERI) shares fell 1.9% during trading on Thursday. The stock traded as low as GBX 178 and last traded at GBX 178.59. Approximately 134,636 shares changed hands during trading, a decline of 58% from the average daily volume of 321,298 shares. The stock had previously closed at GBX 182.

BlackRock Energy and Resources Price Performance

The company’s 50-day moving average price is GBX 181.36 and its 200-day moving average price is GBX 185.68. The company has a quick ratio of 0.32, a current ratio of 0.12 and a debt-to-equity ratio of 4.87. The firm has a market cap of £177.96 million, a price-to-earnings ratio of 2.07 and a beta of 1.33.

BlackRock Energy and Resources (LON:BERI) last announced its earnings results on Thursday, July 23rd. The company reported GBX 2 earnings per share for the quarter. BlackRock Energy and Resources had a net margin of 97.08% and a return on equity of 49.02%.

Insider Activity

In related news, insider Carole Ferguson acquired 8,220 shares of BlackRock Energy and Resources stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of GBX 185 per share, for a total transaction of £15,207. Insiders own 0.54% of the company’s stock.

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.