Gresham House Energy Storage (LON:GRID) Stock Price Down 0.6% – Here’s Why

Gresham House Energy Storage (LON:GRID)’s share price fell 0.6% during trading on Wednesday . The company traded as low as GBX 78 and last traded at GBX 78. 142,395 shares changed hands during trading, a decline of 73% from the average session volume of 533,351 shares. The stock had previously closed at GBX 78.50.

Gresham House Energy Storage Stock Performance

The company’s 50-day moving average price is GBX 78.63 and its 200 day moving average price is GBX 75.89. The stock has a market cap of £443.87 million, a PE ratio of -55.32 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.