Shares of Gresham House Energy Storage (LON:GRID - Get Free Report) fell 1.3% on Tuesday . The company traded as low as GBX 41.80 ($0.52) and last traded at GBX 43 ($0.53). 2,503,137 shares traded hands during trading, an increase of 139% from the average session volume of 1,047,954 shares. The stock had previously closed at GBX 43.55 ($0.54).
Gresham House Energy Storage Price Performance
The firm has a 50 day moving average price of GBX 46.49 and a 200-day moving average price of GBX 52.01. The firm has a market cap of £233.60 million, a price-to-earnings ratio of -205.25 and a beta of 0.26.
Insiders Place Their Bets
In related news, insider John Leggate purchased 10,000 shares of Gresham House Energy Storage stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of GBX 44 ($0.55) per share, for a total transaction of £4,400 ($5,455.67). Company insiders own 3.33% of the company's stock.
About Gresham House Energy Storage
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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.
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