Baker Steel Resources (LON:BSRT) Stock Price Up 9.9% – Here’s What Happened

Baker Steel Resources (LON:BSRT)’s share price was up 9.9% during trading on Monday . The stock traded as high as GBX 106 and last traded at GBX 105. Approximately 1,426,082 shares changed hands during mid-day trading, an increase of 208% from the average daily volume of 462,449 shares. The stock had previously closed at GBX 95.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Baker Steel Resources in a research report on Monday, January 19th.

Baker Steel Resources Price Performance

The stock has a market cap of £111.79 million and a P/E ratio of 4.49. The stock’s 50-day moving average is GBX 83.19 and its two-hundred day moving average is GBX 74.49.

About Baker Steel Resources

Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.