BlackRock World Mining Trust (LON:BRWM) Hits New 1-Year High – Time to Buy?

BlackRock World Mining Trust plc (LON:BRWM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,060 and last traded at GBX 1,057.20, with a volume of 1153805 shares trading hands. The stock had previously closed at GBX 1,046.

BlackRock World Mining Trust Stock Up 1.0%

The stock has a 50 day moving average price of GBX 935.81 and a 200 day moving average price of GBX 867.57. The company has a quick ratio of 0.30, a current ratio of 0.22 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of £1.97 billion, a price-to-earnings ratio of 2.89 and a beta of 1.73.

Insiders Place Their Bets

In other BlackRock World Mining Trust news, insider Marion Sears bought 100 shares of BlackRock World Mining Trust stock in a transaction on Thursday, April 9th. The shares were purchased at an average cost of GBX 967 per share, with a total value of £967. 0.16% of the stock is owned by insiders.

About BlackRock World Mining Trust

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.