BlackRock World Mining Trust (LON:BRWM) Reaches New 12-Month Low – Here’s What Happened

BlackRock World Mining Trust plc (LON:BRWM) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 458 ($5.91) and last traded at GBX 459.75 ($5.93), with a volume of 164996 shares traded. The stock had previously closed at GBX 472 ($6.09).

BlackRock World Mining Trust Stock Down 7.2 %

The business has a 50-day simple moving average of GBX 488.15 and a 200-day simple moving average of GBX 501.89. The stock has a market cap of £806.24 million, a P/E ratio of -60.23 and a beta of 1.01.

BlackRock World Mining Trust (LON:BRWM) last posted its earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) earnings per share (EPS) for the quarter. BlackRock World Mining Trust had a negative net margin of 153.65% and a negative return on equity of 1.19%.

BlackRock World Mining Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Thursday, March 20th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.29%. BlackRock World Mining Trust’s dividend payout ratio is presently -486.41%.

Insider Activity at BlackRock World Mining Trust

In other BlackRock World Mining Trust news, insider Srinivasan Venkatakrishnan purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of GBX 476 ($6.14) per share, for a total transaction of £9,520 ($12,280.70). 2.68% of the stock is owned by corporate 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.