Gore Street Energy Storage Fund (LON:GSF) Shares Down 0.6% – Should You Sell?

Gore Street Energy Storage Fund (LON:GSF)’s share price traded down 0.6% on Tuesday . The stock traded as low as GBX 50.80 and last traded at GBX 51.40. 1,451,212 shares were traded during mid-day trading, an increase of 30% from the average session volume of 1,113,904 shares. The stock had previously closed at GBX 51.70.

Gore Street Energy Storage Fund Price Performance

The firm has a market capitalization of £265.68 million, a P/E ratio of -8.28 and a beta of 0.36. The firm’s 50 day simple moving average is GBX 53.28 and its two-hundred day simple moving average is GBX 55.30.

Insiders Place Their Bets

In other Gore Street Energy Storage Fund news, insider Norman Crighton purchased 50,000 shares of the stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of GBX 54 per share, with a total value of £27,000. 0.14% of the stock is owned by corporate insiders.

Gore Street Energy Storage Fund Company Profile

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.