CQS Natural Resources Growth and Income (LON:CYN) Shares Cross Above 50 Day Moving Average of $178.01

CQS Natural Resources Growth and Income plc (LON:CYN)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 178.01 ($2.35) and traded as high as GBX 178.16 ($2.35). CQS Natural Resources Growth and Income shares last traded at GBX 177 ($2.34), with a volume of 101,293 shares.

CQS Natural Resources Growth and Income Stock Up 0.6 %

The business has a fifty day moving average of GBX 178.01 and a 200 day moving average of GBX 181.92. The company has a quick ratio of 11.93, a current ratio of 0.32 and a debt-to-equity ratio of 10.24. The firm has a market cap of £115.60 million, a P/E ratio of -885.00 and a beta of 1.00.

CQS Natural Resources Growth and Income Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 2nd. Stockholders of record on Thursday, August 1st were paid a GBX 2.82 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from CQS Natural Resources Growth and Income’s previous dividend of $1.26. This represents a dividend yield of 1.47%. CQS Natural Resources Growth and Income’s dividend payout ratio is -3,000.00%.

About CQS Natural Resources Growth and Income

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd. The fund invests in the public equity and fixed income markets across the globe. It invests in stocks of companies operating in the mining and resources sectors. For its fixed income portion, it primarily invests in mining, resource and industrial fixed interest securities such as preference shares, loan stocks and corporate bonds.