BlackRock World Mining Trust (LON:BRWM) Stock Crosses Below 50 Day Moving Average of $515.32

BlackRock World Mining Trust (LON:BRWM) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 515.32 ($6.51) and traded as low as GBX 505 ($6.38). BlackRock World Mining Trust shares last traded at GBX 513 ($6.48), with a volume of 450,786 shares traded.

BlackRock World Mining Trust Trading Up 0.3 %

The company has a quick ratio of 0.30, a current ratio of 0.14 and a debt-to-equity ratio of 12.92. The firm’s fifty day moving average is GBX 515.32 and its two-hundred day moving average is GBX 545.47. The firm has a market cap of £983.47 million, a P/E ratio of -1,251.22 and a beta of 1.09.

BlackRock World Mining Trust Increases Dividend

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

Insider Buying and Selling

In other news, insider Jane Lewis acquired 1,638 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 509 ($6.43) per share, with a total value of £8,337.42 ($10,536.36). 2.93% of the stock is owned by 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.