BlackRock Energy and Resources (LON:BERI) Hits New 1-Year High – Time to Buy?

Shares of BlackRock Energy and Resources Inc (LON:BERIGet Free Report) hit a new 52-week high during trading on Friday . The company traded as high as GBX 127 ($1.55) and last traded at GBX 127 ($1.55), with a volume of 874879 shares changing hands. The stock had previously closed at GBX 123 ($1.50).

BlackRock Energy and Resources Stock Up 3.3 %

The company’s 50-day simple moving average is GBX 119.18 and its two-hundred day simple moving average is GBX 117.72. 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 debt-to-equity ratio of 8.83, a current ratio of 0.06 and a quick ratio of 0.32.

BlackRock Energy and Resources Dividend Announcement

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

BlackRock Energy and Resources Company Profile

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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.

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