BlackRock World Mining Trust (LON:BRWM) Shares Cross Above 50 Day Moving Average of $542.40

BlackRock World Mining Trust plc (LON:BRWM)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 542.40 ($6.81) and traded as high as GBX 611 ($7.68). BlackRock World Mining Trust shares last traded at GBX 607 ($7.63), with a volume of 334,782 shares changing hands.

BlackRock World Mining Trust Trading Up 0.9 %

The firm’s 50-day simple moving average is GBX 542.40 and its 200 day simple moving average is GBX 542.53. The stock has a market cap of £1.17 billion, a P/E ratio of -1,480.49 and a beta of 1.09. The company has a current ratio of 0.14, a quick ratio of 0.30 and a debt-to-equity ratio of 12.92.

BlackRock World Mining Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be issued a GBX 5.50 ($0.07) dividend. This represents a yield of 2.68%. The ex-dividend date of this dividend is Thursday, May 30th. BlackRock World Mining Trust’s dividend payout ratio (DPR) is -8,292.68%.

Insider Buying and Selling at BlackRock World Mining Trust

In other BlackRock World Mining Trust news, insider Jane Lewis purchased 1,638 shares of the stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of GBX 509 ($6.39) per share, with a total value of £8,337.42 ($10,474.15). 2.93% of the stock is 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.