Gresham House Energy Storage (LON:GRID) Shares Up 0.8% - Should You Buy?

Gresham House Energy Storage (LON:GRID - Get Free Report) shares traded up 0.8% during mid-day trading on Monday . The company traded as high as GBX 80 ($1.06) and last traded at GBX 79.60 ($1.05). 1,284,791 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 1,137,595 shares. The stock had previously closed at GBX 79 ($1.04).

Gresham House Energy Storage Stock Down 0.5%

The firm has a fifty day moving average price of GBX 75.26 and a two-hundred day moving average price of GBX 62.15. The stock has a market capitalization of £453.04 million, a P/E ratio of -2.30 and a beta of 0.26.

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.