BlackRock Energy and Resources (LON:BERI) Reaches New 12-Month High - Still a Buy?

Key Points

• BlackRock Energy and Resources shares hit a new 52-week high, trading at GBX 142 ($1.89) with a volume of over 154,000 shares.
• The company reported a strong net margin of 87.97% and a return on equity of 14.20% in its latest quarterly earnings.
• With a market capitalization of £157.74 million and a PE ratio of -1,115.08, the company focuses on long-term capital growth through investments in mining and energy sectors.

BlackRock Energy and Resources Inc (LON:BERI - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 142 ($1.89) and last traded at GBX 140.50 ($1.87), with a volume of 154122 shares changing hands. The stock had previously closed at GBX 139.50 ($1.86).

BlackRock Energy and Resources Price Performance

The business's 50 day moving average is GBX 128.82 and its two-hundred day moving average is GBX 117.67. The firm has a market capitalization of £157.74 million, a PE ratio of -1,115.08 and a beta of 0.98.

BlackRock Energy and Resources (LON:BERI - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported GBX 2 EPS for the quarter. BlackRock Energy and Resources had a net margin of 87.97% and a return on equity of 14.20%.

About BlackRock Energy and Resources

The Company aims to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sectors.

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