CQS Natural Resources Growth and Income (LON:CYN) Sets New 52-Week High – Here’s What Happened

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 365 and last traded at GBX 364, with a volume of 124608 shares. The stock had previously closed at GBX 354.

CQS Natural Resources Growth and Income Stock Up 2.8%

The stock has a fifty day moving average of GBX 310.58 and a 200-day moving average of GBX 268.57. The firm has a market capitalization of £127.69 million, a P/E ratio of 40.99 and a beta of 1.00.

Insider Buying and Selling

In related news, insider Louise Hall bought 4,000 shares of CQS Natural Resources Growth and Income stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of GBX 284 per share, for a total transaction of £11,360. Also, insider Seema Paterson purchased 732 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were bought at an average cost of GBX 266 per share, for a total transaction of £1,947.12. 1.67% of the stock is currently owned by corporate 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”).