CQS Natural Resources Growth and Income (LON:CYN) Shares Pass Above 50-Day Moving Average – Should You Sell?

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 189.67 ($2.39) and traded as high as GBX 198.63 ($2.50). CQS Natural Resources Growth and Income shares last traded at GBX 198 ($2.49), with a volume of 93,805 shares.

CQS Natural Resources Growth and Income Trading Down 1.5 %

The stock has a market capitalization of £124.50 million, a P/E ratio of 14.07 and a beta of 1.00. The stock has a 50 day moving average of GBX 189.67 and a 200-day moving average of GBX 186.12.

CQS Natural Resources Growth and Income Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, January 30th will be paid a dividend of GBX 1.26 ($0.02) per share. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, January 30th. CQS Natural Resources Growth and Income’s dividend payout ratio is currently 42.64%.

Insiders Place Their Bets

In other news, insider Seema Paterson acquired 5,000 shares of CQS Natural Resources Growth and Income stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of GBX 199 ($2.50) per share, for a total transaction of £9,950 ($12,523.60). Also, insider Louise Hall acquired 2,500 shares of CQS Natural Resources Growth and Income stock in a transaction on Thursday, February 6th. The shares were purchased at an average price of GBX 187 ($2.35) per share, for a total transaction of £4,675 ($5,884.20). Insiders have bought 17,500 shares of company stock worth $3,462,500 in the last ninety days. 12.62% of the stock is owned by company insiders.

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.