BlackRock World Mining Trust (LON:BRWM) Hits New 1-Year Low – Time to Sell?

BlackRock World Mining Trust plc (LON:BRWM)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 465 ($5.84) and last traded at GBX 470 ($5.91), with a volume of 443412 shares trading hands. The stock had previously closed at GBX 480.50 ($6.04).

BlackRock World Mining Trust Trading Up 2.9 %

The business has a 50 day moving average of GBX 514.98 and a two-hundred day moving average of GBX 533.26. The firm has a market capitalization of £928.18 million, a price-to-earnings ratio of -6,935.71 and a beta of 1.01. The company has a debt-to-equity ratio of 12.29, a quick ratio of 0.30 and a current ratio of 0.23.

BlackRock World Mining Trust Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 28th were given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 28th. BlackRock World Mining Trust’s payout ratio is -48,571.43%.

Insider Activity at BlackRock World Mining Trust

In related news, insider Elisabeth Scott purchased 2,200 shares of the business’s stock in a transaction on Monday, October 7th. The stock was acquired at an average price of GBX 534 ($6.71) per share, for a total transaction of £11,748 ($14,764.36). 2.68% of the stock is currently owned by insiders.

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.