Gore Street Energy Storage Fund (LON:GSF) Shares Down 0.9% – Here’s What Happened

Gore Street Energy Storage Fund (LON:GSF) shares were down 0.9% on Tuesday . The stock traded as low as GBX 53.50 and last traded at GBX 53.50. Approximately 2,775,428 shares traded hands during trading, an increase of 157% from the average daily volume of 1,080,406 shares. The stock had previously closed at GBX 54.

Gore Street Energy Storage Fund Stock Down 0.9%

The company has a market cap of £270.23 million, a P/E ratio of -8.43 and a beta of 0.36. The company’s 50-day moving average is GBX 53.38 and its two-hundred day moving average is GBX 54.62.

Insiders Place Their Bets

In related news, insider Norman Crighton purchased 50,000 shares of Gore Street Energy Storage Fund stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of GBX 54 per share, for a total transaction of £27,000. Insiders own 0.15% of the company’s stock.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.