Harmony Energy Income Trust (LON:HEIT) Trading Down 7.3%

Harmony Energy Income Trust Plc (LON:HEIT) shares traded down 7.3% during trading on Monday . The company traded as low as GBX 40 ($0.50) and last traded at GBX 40.25 ($0.50). 248,295 shares changed hands during trading, a decline of 79% from the average session volume of 1,205,822 shares. The stock had previously closed at GBX 43.40 ($0.54).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 110 ($1.37) price objective on shares of Harmony Energy Income Trust in a research report on Wednesday, February 28th.

Harmony Energy Income Trust Trading Up 5.8 %

The stock’s 50-day moving average price is GBX 39.41 and its 200 day moving average price is GBX 62.32.

Insider Activity

In related news, insider Janine Freeman acquired 11,775 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of GBX 42 ($0.52) per share, with a total value of £4,945.50 ($6,156.48). In other Harmony Energy Income Trust news, insider Hugh McNeal purchased 9,881 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of GBX 40 ($0.50) per share, with a total value of £3,952.40 ($4,920.20). Also, insider Janine Freeman purchased 11,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of GBX 42 ($0.52) per share, with a total value of £4,945.50 ($6,156.48). Over the last 90 days, insiders purchased 33,431 shares of company stock valued at $1,384,340. Insiders own 11.33% of the company’s stock.

Harmony Energy Income Trust Company Profile

Harmony Energy Income Trust Plc, an investment company, focuses on investing in energy storage and renewable energy generation projects in the United Kingdom. The company was incorporated in 2021 and is based in London, the United Kingdom.