Gresham House Energy Storage (LON:GRID) Shares Down 0.7% – Here’s What Happened

Gresham House Energy Storage (LON:GRID) shares were down 0.7% on Thursday . The company traded as low as GBX 73 and last traded at GBX 73.56. Approximately 374,300 shares were traded during trading, a decline of 7% from the average daily volume of 403,559 shares. The stock had previously closed at GBX 74.10.

Gresham House Energy Storage Trading Down 0.6%

The firm has a market capitalization of £418.59 million, a P/E ratio of -52.17 and a beta of 0.00. The stock’s 50-day simple moving average is GBX 75.86 and its 200-day simple moving average is GBX 74.82.

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.