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

Shares of BlackRock World Mining Trust plc (LON:BRWM) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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.

BlackRock World Mining Trust Trading Up 0.7 %

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

BlackRock World Mining Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, March 21st will be paid a GBX 17 ($0.21) dividend. This is a boost 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 is -8,292.68%.

Insider Activity

In other BlackRock World Mining Trust news, insider Jane Lewis acquired 1,638 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of GBX 509 ($6.29) per share, with a total value of £8,337.42 ($10,298.20). 2.93% of the stock is owned by corporate 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.