BlackRock World Mining Trust (LON:BRWM) Shares Pass Above Fifty Day Moving Average – Should You Sell?

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 492.81 ($6.38) and traded as high as GBX 495.50 ($6.42). BlackRock World Mining Trust shares last traded at GBX 492.50 ($6.38), with a volume of 4,249,356 shares.

BlackRock World Mining Trust Price Performance

The business’s fifty day moving average price is GBX 492.46 and its two-hundred day moving average price is GBX 502.64. The stock has a market capitalization of £934.55 million, a PE ratio of -69.81 and a beta of 1.01.

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

BlackRock World Mining Trust Cuts Dividend

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

Insiders Place Their Bets

In other BlackRock World Mining Trust news, insider Srinivasan Venkatakrishnan acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of GBX 476 ($6.16) per share, with a total value of £9,520 ($12,325.22). 2.68% of the stock is currently owned by insiders.

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.