Greencoat Renewables (LON:GRP) Stock Price Up 0.9% – Here’s Why

Greencoat Renewables (LON:GRP)’s share price rose 0.9% during trading on Friday . The company traded as high as GBX 0.86 ($0.01) and last traded at GBX 0.86 ($0.01). Approximately 64,745 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 415,057 shares. The stock had previously closed at GBX 0.85 ($0.01).

Greencoat Renewables Stock Up 0.9 %

The firm has a market capitalization of £9.78 million, a PE ratio of 6.60 and a beta of 0.03. The company has a current ratio of 0.25, a quick ratio of 15.30 and a debt-to-equity ratio of 65.97. The stock has a 50 day simple moving average of GBX 0.89 and a 200 day simple moving average of GBX 0.90.

Greencoat Renewables Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 7th were issued a dividend of €0.02 ($0.02) per share. The ex-dividend date was Thursday, November 7th. This represents a yield of 1.89%. Greencoat Renewables’s dividend payout ratio is currently 4,615.38%.

Greencoat Renewables Company Profile

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain. As of December 31, 2021, the company operated 25 wind farms with an aggregate generating capacity of 800 megawatts. It also invests in solar generation assets. The company was incorporated in 2017 and is based in Dublin, Ireland.