BlackRock World Mining Trust (LON:BRWM) Sets New 52-Week High – Still a Buy?

BlackRock World Mining Trust plc (LON:BRWMGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 1,060 and last traded at GBX 1,057.20, with a volume of 1153805 shares trading hands. The stock had previously closed at GBX 1,046.

BlackRock World Mining Trust Trading Up 1.0%

The company has a quick ratio of 0.30, a current ratio of 0.22 and a debt-to-equity ratio of 6.05. The company has a market cap of £1.97 billion, a price-to-earnings ratio of 2.89 and a beta of 1.73. The firm has a 50 day moving average price of GBX 935.81 and a two-hundred day moving average price of GBX 867.57.

Insiders Place Their Bets

In other news, insider Marion Sears bought 100 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average price of GBX 967 per share, with a total value of £967. Corporate insiders own 0.16% of the company’s stock.

BlackRock World Mining Trust Company Profile

(Get Free Report)

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.

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