BlackRock World Mining Trust (LON:BRWM) Hits New 1-Year High - Still a Buy?

Key Points

• BlackRock World Mining Trust stock reached a new 52-week high of GBX 634.16 ($8.54) during trading on Monday, up from a previous close of GBX 615.
• The investment trust has a market capitalization of £1.19 billion, with a PE ratio of -1,008.38 and a negative return on equity.
• BlackRock World Mining Trust aims to provide diversified investments in mining and metal assets, actively managed to maximize total returns through various investment strategies.

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 634.16 ($8.57) and last traded at GBX 634.16 ($8.57), with a volume of 5742422 shares trading hands. The stock had previously closed at GBX 615 ($8.31).

BlackRock World Mining Trust Price Performance

The business has a fifty day simple moving average of GBX 576.15 and a two-hundred day simple moving average of GBX 521.40. The company has a market cap of £1.18 billion, a PE ratio of -1,005.58 and a beta of 1.01.

BlackRock World Mining Trust (LON:BRWM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The investment trust reported GBX 11.26 EPS for the quarter. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

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.