BlackRock Energy and Resources (LON:BERI) Shares Down 2.2% – Time to Sell?

Shares of BlackRock Energy and Resources Inc (LON:BERI) fell 2.2% during mid-day trading on Thursday . The company traded as low as GBX 110.96 ($1.39) and last traded at GBX 111.50 ($1.40). 188,520 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 283,978 shares. The stock had previously closed at GBX 114 ($1.43).

BlackRock Energy and Resources Stock Down 0.4 %

The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.32 and a current ratio of 0.06. The firm has a 50 day simple moving average of GBX 120.22 and a two-hundred day simple moving average of GBX 117.73. The stock has a market cap of £135.52 million, a P/E ratio of 616.67 and a beta of 0.98.

BlackRock Energy and Resources Dividend Announcement

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