BlackRock Energy and Resources (LON:BERI) Stock Price Down 2.8% – Here’s What Happened

BlackRock Energy and Resources Inc (LON:BERI)’s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as GBX 120 ($1.47) and last traded at GBX 120 ($1.47). Approximately 232,198 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 227,678 shares. The stock had previously closed at GBX 123.50 ($1.51).

BlackRock Energy and Resources Stock Performance

The company has a current ratio of 0.06, a quick ratio of 0.32 and a debt-to-equity ratio of 8.83. The stock has a market capitalization of £146.51 million, a price-to-earnings ratio of 666.67 and a beta of 0.98. The firm’s fifty day moving average price is GBX 118.93 and its 200 day moving average price is GBX 117.53.

BlackRock Energy and Resources Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Thursday, December 5th were paid a dividend of GBX 1.13 ($0.01) per share. This represents a yield of 0.93%. The ex-dividend date was Thursday, December 5th. BlackRock Energy and Resources’s dividend payout ratio (DPR) is 2,777.78%.

BlackRock Energy and Resources Company Profile

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.