BlackRock World Mining Trust (LON:BRWM) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

BlackRock World Mining Trust plc (LON:BRWM)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 941.97 and traded as low as GBX 872. BlackRock World Mining Trust shares last traded at GBX 875, with a volume of 198,320 shares trading hands.

BlackRock World Mining Trust Stock Performance

The company has a current ratio of 0.22, a quick ratio of 0.30 and a debt-to-equity ratio of 6.05. The firm’s fifty day moving average is GBX 959.29 and its 200 day moving average is GBX 941.97. The company has a market cap of £1.65 billion, a PE ratio of 2.42 and a beta of 0.99.

BlackRock World Mining Trust (LON:BRWM) last announced its earnings results on Wednesday, June 10th. The investment trust reported GBX 24.37 EPS for the quarter. BlackRock World Mining Trust had a return on equity of 52.74% and a net margin of 98.77%.The business had revenue of GBX 5,737 million during the quarter.

About BlackRock World Mining Trust

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.