Brenmiller Energy (NASDAQ:BNRG) Trading Up 23.2% – Here’s What Happened

Brenmiller Energy Ltd (NASDAQ:BNRGGet Free Report)’s share price was up 23.2% on Monday . The company traded as high as $0.96 and last traded at $0.93. Approximately 9,147,320 shares were traded during mid-day trading, an increase of 423% from the average daily volume of 1,749,049 shares. The stock had previously closed at $0.75.

Brenmiller Energy Stock Performance

The firm has a 50 day moving average of $0.78 and a 200-day moving average of $0.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.74 and a current ratio of 2.97.

Brenmiller Energy Company Profile

(Get Free Report)

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.

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