Gresham House Energy Storage (LON:GRID) Trading 12.4% Higher - What's Next?

Shares of Gresham House Energy Storage (LON:GRID - Get Free Report) traded up 12.4% during mid-day trading on Monday . The stock traded as high as GBX 52 ($0.68) and last traded at GBX 51.60 ($0.67). 1,557,359 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 1,059,421 shares. The stock had previously closed at GBX 45.90 ($0.60).

Gresham House Energy Storage Stock Up 8.5 %

The stock's 50-day simple moving average is GBX 46.05 and its 200 day simple moving average is GBX 48.12. The firm has a market cap of £326.44 million, a P/E ratio of -1.66 and a beta of 0.26.

Gresham House Energy Storage Company Profile

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.