CQS Natural Resources Growth and Income (LON:CYN) Sets New 1-Year High – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN) shares hit a new 52-week high on Monday . The company traded as high as GBX 347 and last traded at GBX 347, with a volume of 288454 shares traded. The stock had previously closed at GBX 334.

CQS Natural Resources Growth and Income Stock Up 3.9%

The stock has a market cap of £121.72 million, a price-to-earnings ratio of 39.08 and a beta of 1.00. The business’s 50 day simple moving average is GBX 297.51 and its 200 day simple moving average is GBX 258.12.

Insider Buying and Selling at CQS Natural Resources Growth and Income

In related news, insider Louise Hall acquired 4,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of GBX 284 per share, with a total value of £11,360. Also, insider Seema Paterson purchased 732 shares of the stock in a transaction on Tuesday, October 28th. The stock was bought at an average cost of GBX 266 per share, for a total transaction of £1,947.12. 1.67% of the stock is owned by 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.

The closed end structure is well suited to allowing the investment management team to focus on the best returns profile, rather than liquidity as is the case with Exchange Traded Funds (“ETFs”).