CQS Natural Resources Growth and Income (LON:CYN) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 194.35 ($2.44) and traded as low as GBX 181.50 ($2.27). CQS Natural Resources Growth and Income shares last traded at GBX 188 ($2.36), with a volume of 188,976 shares traded.

CQS Natural Resources Growth and Income Stock Up 1.9 %

The firm has a market capitalization of £121.97 million, a P/E ratio of -940.00 and a beta of 1.00. The company has a debt-to-equity ratio of 10.24, a quick ratio of 11.93 and a current ratio of 0.32. The firm’s 50-day moving average is GBX 194.35 and its 200 day moving average is GBX 185.85.

CQS Natural Resources Growth and Income Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were issued a GBX 1.26 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 0.68%. CQS Natural Resources Growth and Income’s dividend payout ratio (DPR) is -3,000.00%.

Insider Buying and Selling

In other CQS Natural Resources Growth and Income news, insider Seema Paterson acquired 5,000 shares of CQS Natural Resources Growth and Income stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of GBX 199 ($2.49) per share, for a total transaction of £9,950 ($12,468.67). Also, insider Christopher Casey acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 200 ($2.51) per share, with a total value of £20,000 ($25,062.66). Over the last three months, insiders bought 17,500 shares of company stock worth $3,485,000. 12.62% of the stock is owned by corporate insiders.

CQS Natural Resources Growth and Income Company Profile

CQS Natural Resources Growth and Income Trust plc (LSE: CYN) actively invests in global energy and mining companies, with a focus on total return. It also pays a regular quarterly dividend. The flexible mandate allows the Company to shift its portfolio weighting between energy and mining, with the aim of maximising returns depending on the point in the cycle, whilst providing relative value opportunities.