Gresham House Energy Storage (LON:GRID) Stock Price Up 0.1% – Time to Buy?

Gresham House Energy Storage (LON:GRID)’s share price traded up 0.1% on Tuesday . The company traded as high as GBX 80 and last traded at GBX 78.80. 349,475 shares changed hands during trading, a decline of 70% from the average session volume of 1,166,658 shares. The stock had previously closed at GBX 78.70.

Gresham House Energy Storage Stock Performance

The firm has a market cap of £448.42 million, a P/E ratio of -55.89 and a beta of 0.26. The business’s 50-day simple moving average is GBX 76.50 and its 200 day simple moving average is GBX 75.62.

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.