BlackRock World Mining Trust (LON:BRWM) Shares Pass Above Fifty Day Moving Average of $520.94

BlackRock World Mining Trust plc (LON:BRWM)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 520.94 ($6.43) and traded as high as GBX 569 ($7.03). BlackRock World Mining Trust shares last traded at GBX 561 ($6.93), with a volume of 356,858 shares traded.

BlackRock World Mining Trust Price Performance

The company has a current ratio of 0.14, a quick ratio of 0.30 and a debt-to-equity ratio of 12.92. The firm has a market cap of £1.08 billion, a price-to-earnings ratio of -1,368.29 and a beta of 1.09. The company’s 50-day moving average is GBX 520.94 and its 200-day moving average is GBX 539.65.

BlackRock World Mining Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, March 21st will be given a dividend of GBX 17 ($0.21) per share. This is a positive change from BlackRock World Mining Trust’s previous dividend of $5.50. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 3.29%. BlackRock World Mining Trust’s dividend payout ratio (DPR) is currently -8,292.68%.

Insider Buying and Selling

In other news, insider Jane Lewis purchased 1,638 shares of BlackRock World Mining Trust stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of GBX 509 ($6.29) per share, for a total transaction of £8,337.42 ($10,298.20). 2.93% of the stock is currently owned by company 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.