BlackRock World Mining Trust (LON:BRWM) Share Price Crosses Above 50 Day Moving Average of $529.90

BlackRock World Mining Trust plc (LON:BRWM) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 529.90 ($6.66) and traded as high as GBX 596 ($7.49). BlackRock World Mining Trust shares last traded at GBX 587 ($7.37), with a volume of 378,533 shares changing hands.

BlackRock World Mining Trust Price Performance

The stock has a market capitalization of £1.12 billion, a P/E ratio of -1,431.71 and a beta of 1.09. The company has a debt-to-equity ratio of 12.92, a quick ratio of 0.30 and a current ratio of 0.14. The business has a fifty day simple moving average of GBX 529.90 and a 200-day simple moving average of GBX 540.72.

BlackRock World Mining Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, March 21st will be paid a dividend of GBX 17 ($0.21) per share. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a yield of 3.29%. BlackRock World Mining Trust’s dividend payout ratio is currently -8,292.68%.

Insider Buying and Selling at BlackRock World Mining Trust

In related news, insider Jane Lewis acquired 1,638 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were bought at an average price of GBX 509 ($6.39) per share, with a total value of £8,337.42 ($10,472.83). Insiders own 2.93% of the company’s stock.

BlackRock World Mining Trust Company Profile

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.