CQS Natural Resources Growth and Income (LON:CYN) Hits New 12-Month High – Still a Buy?

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 398 and last traded at GBX 396, with a volume of 236005 shares traded. The stock had previously closed at GBX 386.

CQS Natural Resources Growth and Income Price Performance

The firm’s 50 day simple moving average is GBX 329.13 and its 200-day simple moving average is GBX 280.57. The company has a market cap of £140.68 million, a price-to-earnings ratio of 44.59 and a beta of 1.00.

Insider Transactions at CQS Natural Resources Growth and Income

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

CQS Natural Resources Growth and Income Company Profile

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”).