BlackRock World Mining Trust (LON:BRWM) Sets New 1-Year High – Still a Buy?

BlackRock World Mining Trust plc (LON:BRWMGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 922 and last traded at GBX 917.72, with a volume of 207873 shares changing hands. The stock had previously closed at GBX 908.

BlackRock World Mining Trust Price Performance

The stock’s 50-day moving average price is GBX 751.60 and its 200 day moving average price is GBX 653.53. The firm has a market capitalization of £1.72 billion, a PE ratio of -95.30 and a beta of 1.01.

BlackRock World Mining Trust Company Profile

(Get Free Report)

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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

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