BlackRock World Mining Trust (LON:BRWM) Shares Cross Above Fifty Day Moving Average of $562.22

BlackRock World Mining Trust (LON:BRWM) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 562.22 ($6.90) and traded as high as GBX 570 ($7.00). BlackRock World Mining Trust shares last traded at GBX 565 ($6.94), with a volume of 482,605 shares changing hands.

BlackRock World Mining Trust Stock Up 0.4 %

The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 12.83. The company has a market capitalization of £1.07 billion, a PE ratio of 815.41 and a beta of 1.10. The stock has a 50-day moving average of GBX 561.84 and a 200 day moving average of GBX 591.27.

BlackRock World Mining Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 22nd. Investors of record on Thursday, November 23rd will be given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, November 23rd. BlackRock World Mining Trust’s payout ratio is 5,797.10%.

Insider Buying and Selling at BlackRock World Mining Trust

In other news, insider Srinivasan Venkatakrishnan acquired 1,000 shares of BlackRock World Mining Trust stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of GBX 559 ($6.86) per share, with a total value of £5,590 ($6,864.79). 6.27% of the stock is owned by corporate 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.