CQS Natural Resources Growth and Income (LON:CYN) Sets New 12-Month High – Here’s Why

CQS Natural Resources Growth and Income plc (LON:CYN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 347 and last traded at GBX 347, with a volume of 288454 shares trading hands. The stock had previously closed at GBX 334.

CQS Natural Resources Growth and Income Stock Up 2.0%

The business’s 50 day simple moving average is GBX 300.44 and its two-hundred day simple moving average is GBX 260.84. The stock has a market cap of £125.93 million, a P/E ratio of 40.43 and a beta of 1.00.

Insiders Place Their Bets

In other news, insider Louise Hall acquired 4,000 shares of CQS Natural Resources Growth and Income stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of GBX 284 per share, for a total transaction of £11,360. Also, insider Seema Paterson bought 732 shares of the stock in a transaction on Tuesday, October 28th. The stock was purchased at an average cost of GBX 266 per share, with a total value of £1,947.12. Insiders own 1.67% 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”).