BlackRock World Mining Trust (LON:BRWM) Shares Cross Above 50-Day Moving Average – Here’s Why

BlackRock World Mining Trust plc (LON:BRWM) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 881.27 and traded as high as GBX 976. BlackRock World Mining Trust shares last traded at GBX 961, with a volume of 540,024 shares.

BlackRock World Mining Trust Trading Up 1.0%

The firm has a market capitalization of £1.81 billion, a price-to-earnings ratio of -100.52 and a beta of 1.01. The firm has a fifty day moving average price of GBX 881.27 and a 200 day moving average price of GBX 717.69.

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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.