BlackRock Energy and Resources (LON:BERI) Shares Down 2.8% – Here’s Why

BlackRock Energy and Resources Inc (LON:BERI) was down 2.8% 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 Price Performance

The firm has a 50-day moving average of GBX 118.93 and a 200-day moving average of GBX 117.52. The stock has a market cap of £146.51 million, a PE ratio of 666.67 and a beta of 0.98. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.06 and a quick ratio of 0.32.

BlackRock Energy and Resources Announces Dividend

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

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.