Good Energy Group (LON:GOOD) Trading Up 18.1% – What’s Next?

Good Energy Group PLC (LON:GOOD) was up 18.1% on Monday . The company traded as high as GBX 380 ($4.93) and last traded at GBX 346 ($4.49). Approximately 148,555 shares changed hands during trading, an increase of 247% from the average daily volume of 42,788 shares. The stock had previously closed at GBX 293 ($3.80).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 500 ($6.48) target price on shares of Good Energy Group in a research note on Tuesday, September 17th.

Good Energy Group Trading Up 4.2 %

The business’s 50 day simple moving average is GBX 266.49 and its two-hundred day simple moving average is GBX 263.08. The stock has a market cap of £67.12 million, a P/E ratio of -943.59 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 12.57.

Good Energy Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a GBX 1.10 ($0.01) dividend. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 0.44%. Good Energy Group’s dividend payout ratio is -769.23%.

About Good Energy Group

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services.