CQS Natural Resources Growth and Income (LON:CYN) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 392.72 and traded as high as GBX 395. CQS Natural Resources Growth and Income shares last traded at GBX 395, with a volume of 202,061 shares changing hands.

CQS Natural Resources Growth and Income Stock Performance

The company has a current ratio of 0.40, a quick ratio of 11.93 and a debt-to-equity ratio of 9.26. The company’s 50 day moving average is GBX 392.72 and its 200-day moving average is GBX 342.66. The company has a market capitalization of £144.92 million, a P/E ratio of 44.48 and a beta of 1.09.

CQS Natural Resources Growth and Income (LON:CYN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX 0.17 EPS for the quarter. CQS Natural Resources Growth and Income had a negative net margin of 974.80% and a positive return on equity of 51.26%.

Insider Activity

In other CQS Natural Resources Growth and Income news, insider Seema Paterson bought 131 shares of the stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of GBX 447 per share, for a total transaction of £585.57. Insiders own 1.59% of the company’s stock.

About CQS Natural Resources Growth and Income

CQS Natural Resources Growth and Income Trust plc (LSE: CYN) actively invests in global energy and mining companies, with a focus on total return. It also pays a regular quarterly dividend. The flexible mandate allows the Company to shift its portfolio weighting between energy and mining, with the aim of maximising returns depending on the point in the cycle, whilst providing relative value opportunities.

The closed end structure is well suited to allowing the investment management team to focus on the best returns profile, rather than liquidity as is the case with Exchange Traded Funds (“ETFs”).