BlackRock World Mining Trust (LON:BRWM) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

BlackRock World Mining Trust plc (LON:BRWM)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

BlackRock World Mining Trust Stock Performance

The company has a market cap of £1.02 billion, a P/E ratio of -7,571.43 and a beta of 1.01. The company has a quick ratio of 0.30, a current ratio of 0.23 and a debt-to-equity ratio of 12.29. The company has a 50 day moving average price of GBX 519.81 and a 200-day moving average price of GBX 553.54.

BlackRock World Mining Trust Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Elisabeth Scott acquired 2,200 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was acquired at an average cost of GBX 534 ($6.93) per share, for a total transaction of £11,748 ($15,253.18). 2.68% of the stock is owned by insiders.

About BlackRock World Mining Trust

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.