BlackRock World Mining Trust (LON:BRWM) Hits New 52-Week High – Time to Buy?

BlackRock World Mining Trust plc (LON:BRWM) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,060 and last traded at GBX 1,056.96, with a volume of 408856 shares. The stock had previously closed at GBX 1,048.

BlackRock World Mining Trust Stock Up 0.9%

The company has a current ratio of 0.22, a quick ratio of 0.30 and a debt-to-equity ratio of 6.05. The business’s fifty day moving average price is GBX 927.34 and its two-hundred day moving average price is GBX 946.19. The firm has a market cap of £1.98 billion, a P/E ratio of 2.89 and a beta of 1.68.

BlackRock World Mining Trust (LON:BRWM) last issued its quarterly earnings data on Wednesday, June 10th. The investment trust reported GBX 24.37 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,737 million during the quarter. BlackRock World Mining Trust had a net margin of 98.77% and a return on equity of 52.74%.

BlackRock World Mining Trust Company Profile

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.