CQS Natural Resources Growth and Income (LON:CYN) Stock Passes Above 50 Day Moving Average – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 394.03 and traded as high as GBX 403. CQS Natural Resources Growth and Income shares last traded at GBX 403, with a volume of 83,802 shares trading hands.

CQS Natural Resources Growth and Income Stock Performance

The company has a debt-to-equity ratio of 9.26, a current ratio of 0.40 and a quick ratio of 11.93. The firm has a market cap of £143.49 million, a price-to-earnings ratio of 3.09 and a beta of 1.09. The company has a fifty day moving average price of GBX 394.03 and a two-hundred day moving average price of GBX 358.02.

CQS Natural Resources Growth and Income (LON:CYN) last announced its earnings results 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%.

Insiders Place Their Bets

In related news, insider Seema Paterson acquired 131 shares of the company’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of GBX 447 per share, for a total transaction of £585.57. Corporate insiders own 1.59% of the company’s stock.

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”).