BlackRock World Mining Trust plc (LON:BRWM) Insider Acquires £9,520 in Stock

BlackRock World Mining Trust plc (LON:BRWM) insider Srinivasan Venkatakrishnan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of GBX 476 ($6.09) per share, for a total transaction of £9,520 ($12,178.59).

BlackRock World Mining Trust Stock Up 2.9 %

Shares of BlackRock World Mining Trust stock traded up GBX 13.50 ($0.17) during trading on Wednesday, hitting GBX 478.50 ($6.12). 380,919 shares of the stock traded hands, compared to its average volume of 642,180. The stock has a market cap of £916.36 million, a price-to-earnings ratio of -68.45 and a beta of 1.01. BlackRock World Mining Trust plc has a 52 week low of GBX 463.20 ($5.93) and a 52 week high of GBX 634 ($8.11). The firm’s fifty day moving average is GBX 491.53 and its 200-day moving average is GBX 507.71.

BlackRock World Mining Trust (LON:BRWM) last posted its quarterly earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) EPS for the quarter. BlackRock World Mining Trust had a negative net margin of 153.65% and a negative return on equity of 1.19%.

BlackRock World Mining Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were given a dividend of GBX 12 ($0.15) per share. This represents a yield of 3.62%. This is a positive change from BlackRock World Mining Trust’s previous dividend of $5.50. The ex-dividend date was Thursday, February 13th. BlackRock World Mining Trust’s dividend payout ratio is presently -486.41%.

BlackRock World Mining Trust Company Profile

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals.