CQS Natural Resources Growth and Income (LON:CYN) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 391.56 and traded as low as GBX 376. CQS Natural Resources Growth and Income shares last traded at GBX 380, with a volume of 106,931 shares.

CQS Natural Resources Growth and Income Price Performance

The stock has a market capitalization of £137.42 million, a price-to-earnings ratio of 2.96 and a beta of 1.24. The company has a current ratio of 0.40, a quick ratio of 11.93 and a debt-to-equity ratio of 9.26. The stock has a 50-day simple moving average of GBX 391.56 and a 200 day simple moving average of GBX 374.33.

CQS Natural Resources Growth and Income (LON:CYN) last announced its quarterly earnings data on Wednesday, March 25th. The company reported GBX 0.17 EPS for the quarter. CQS Natural Resources Growth and Income had a positive return on equity of 51.26% and a negative net margin of 974.80%.

Insider Buying and Selling

In other news, insider Seema Paterson purchased 2,650 shares of CQS Natural Resources Growth and Income stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of GBX 378 per share, for a total transaction of £10,017. Insiders own 1.59% of the company’s stock.

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”).