BlackRock Energy and Resources (LON:BERI) Reaches New 1-Year High – Should You Buy?

Posted by Cynthia Vaughn on Nov 24th, 2024

BlackRock Energy and Resources Inc (LON:BERI – Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 127 ($1.59) and last traded at GBX 127 ($1.59), with a volume of 647908 shares trading hands. The stock had previously closed at GBX 124.50 ($1.56).

BlackRock Energy and Resources Trading Up 2.0 %

The business’s 50 day moving average is GBX 119.78 and its two-hundred day moving average is GBX 118.29. The firm has a market capitalization of £155.05 million, a P/E ratio of 705.56 and a beta of 0.98. The company has a quick ratio of 0.32, a current ratio of 0.06 and a debt-to-equity ratio of 8.83.

BlackRock Energy and Resources Announces Dividend

The business also recently declared a dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, September 26th were given a dividend of GBX 1.13 ($0.01) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 0.98%. BlackRock Energy and Resources’s dividend payout ratio (DPR) is 2,777.78%.

BlackRock Energy and Resources Company Profile

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BlackRock Commodities Income Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. The fund is managed by BlackRock Investment Management (UK) Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the mining and energy sectors.