Drax Group plc (LON:DRX – Get Free Report) shares shot up 1.6% during mid-day trading on Thursday . The stock traded as high as GBX 659.55 ($8.32) and last traded at GBX 645.50 ($8.15). 1,025,915 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 1,481,443 shares. The stock had previously closed at GBX 635.50 ($8.02).
Drax Group Price Performance
The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 63.77. The company has a 50 day simple moving average of GBX 647.36 and a 200 day simple moving average of GBX 607.62. The stock has a market cap of £2.44 billion, a P/E ratio of 386.75, a PEG ratio of 0.10 and a beta of 1.22.
Drax Group Company Profile
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.
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