BlackRock World Mining Trust (LON:BRWM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock World Mining Trust plc (LON:BRWM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 943.21 and traded as low as GBX 940. BlackRock World Mining Trust shares last traded at GBX 952, with a volume of 215,763 shares changing hands.

BlackRock World Mining Trust Price Performance

The company has a debt-to-equity ratio of 6.05, a current ratio of 0.22 and a quick ratio of 0.30. The firm has a market cap of £1.80 billion, a P/E ratio of 2.63 and a beta of 1.73. The company has a fifty day moving average of GBX 924.45 and a 200-day moving average of GBX 943.21.

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 net margin of 98.77% and a return on equity of 52.74%. The company 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.