BlackRock World Mining Trust (LON:BRWM) Shares Cross Above 50 Day Moving Average – What’s Next?

BlackRock World Mining Trust plc (LON:BRWM) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 519.81 ($6.75) and traded as high as GBX 545 ($7.08). BlackRock World Mining Trust shares last traded at GBX 530 ($6.88), with a volume of 320,153 shares changing hands.

BlackRock World Mining Trust Stock Down 0.6 %

The company has a debt-to-equity ratio of 12.29, a current ratio of 0.23 and a quick ratio of 0.30. The business’s 50 day moving average price is GBX 519.77 and its 200 day moving average price is GBX 553.37. The firm has a market cap of £1.02 billion, a PE ratio of -7,642.86 and a beta of 1.01.

BlackRock World Mining Trust Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were issued a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 1.03%. The ex-dividend date was Thursday, September 5th. BlackRock World Mining Trust’s payout ratio is -48,571.43%.

Insider Buying and Selling

In other news, insider Elisabeth Scott purchased 2,200 shares of the stock in a transaction dated Monday, October 7th. The shares were purchased at an average price of GBX 534 ($6.93) per share, with a total value of £11,748 ($15,253.18). 2.68% of the stock is currently owned by company insiders.

BlackRock World Mining Trust Company Profile

BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors.