BlackRock World Mining Trust (LON:BRWM) Hits New 12-Month High – Here’s Why

BlackRock World Mining Trust plc (LON:BRWMGet Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 823 and last traded at GBX 816, with a volume of 411294 shares trading hands. The stock had previously closed at GBX 803.

BlackRock World Mining Trust Price Performance

The company has a 50 day simple moving average of GBX 696.08 and a 200-day simple moving average of GBX 619.01. The stock has a market cap of £1.52 billion, a P/E ratio of -84.47 and a beta of 1.01.

About BlackRock World Mining Trust

(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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