BlackRock World Mining Trust (LON:BRWM) Reaches New 1-Year High – Should You Buy?

Shares of BlackRock World Mining Trust plc (LON:BRWMGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 872 and last traded at GBX 872, with a volume of 2122503 shares changing hands. The stock had previously closed at GBX 835.

BlackRock World Mining Trust Stock Performance

The stock has a fifty day simple moving average of GBX 728.72 and a two-hundred day simple moving average of GBX 640.67. The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of -90.37 and a beta of 1.01.

About BlackRock World Mining Trust

(Get Free Report)

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.

Further Reading

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