BlackRock Energy and Resources (LON:BERI) Reaches New 52-Week High - Here's Why

Key Points

• BlackRock Energy and Resources Inc's share price reached a new 52-week high of GBX 142 ($1.89) during trading, closing at GBX 139.50 ($1.86) with a trading volume of 275,276 shares.
• The company reported a net margin of 87.97% and a return on equity of 14.20% in its latest quarterly earnings, demonstrating strong profitability metrics.
• BlackRock Energy and Resources aims for capital growth primarily through investments in the mining and energy sectors, reflecting its strategic focus in the industry.

BlackRock Energy and Resources Inc (LON:BERI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 142 ($1.89) and last traded at GBX 139.50 ($1.86), with a volume of 275276 shares traded. The stock had previously closed at GBX 138.50 ($1.84).

BlackRock Energy and Resources Trading Up 0.7%

The company has a market cap of £156.61 million, a P/E ratio of -1,107.14 and a beta of 0.98. The stock's 50 day moving average is GBX 127.71 and its 200-day moving average is GBX 117.20.

BlackRock Energy and Resources (LON:BERI - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported GBX 2 earnings per share (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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