BlackRock Energy and Resources (LON:BERI) Stock Price Down 0.4% - Here's What Happened

Key Points

• BlackRock Energy and Resources shares fell 0.4%, trading between GBX 120.99 ($1.64) and GBX 122.50 ($1.66) during Thursday's session, with a notable decline in trading volume by 49% compared to average levels.
• The company has a market capitalization of £145.29 million and reported a robust net margin of 87.97% alongside a return on equity of 14.20% in its latest earnings results.
• BlackRock Energy and Resources aims for long-term capital growth by investing primarily in the mining and energy sectors, aligning with its goal of achieving an annual dividend target.

BlackRock Energy and Resources Inc (LON:BERI - Get Free Report)'s share price was down 0.4% on Thursday . The stock traded as low as GBX 120.99 ($1.63) and last traded at GBX 122.50 ($1.65). Approximately 128,518 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 253,627 shares. The stock had previously closed at GBX 123 ($1.66).

BlackRock Energy and Resources Stock Performance

The stock has a market cap of £144.71 million, a price-to-earnings ratio of 6.41 and a beta of 0.98. The company's 50 day simple moving average is GBX 118.17 and its two-hundred day simple moving average is GBX 113.91.

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