Gore Street Energy Storage Fund (LON:GSF) Trading Down 0.9% – Time to Sell?

Gore Street Energy Storage Fund (LON:GSF)’s share price fell 0.9% on Tuesday . The company traded as low as GBX 53.50 and last traded at GBX 53.50. 2,775,428 shares were traded during trading, an increase of 157% from the average session volume of 1,080,406 shares. The stock had previously closed at GBX 54.

Gore Street Energy Storage Fund Trading Down 0.9%

The stock’s fifty day moving average is GBX 53.36 and its two-hundred day moving average is GBX 54.57. The firm has a market cap of £270.23 million, a P/E ratio of -8.43 and a beta of 0.36.

Insiders Place Their Bets

In other news, insider Norman Crighton bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of GBX 54 per share, with a total value of £27,000. Company insiders own 0.15% of the company’s stock.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.