BlackRock World Mining Trust (LON:BRWM) Sets New 1-Year High - Time to Buy?

Key Points

• BlackRock World Mining Trust reached a new 52-week high, trading at GBX 594 ($8.01), with a volume of 586,356 shares.
• The trust reported an EPS of GBX 11.26 for the last quarter, with a negative return on equity and net margin.
• With a market capitalization of £1.11 billion, the company's investment strategy focuses on maximizing returns from mining and metal assets worldwide.

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 594 ($8.06) and last traded at GBX 591 ($8.02), with a volume of 586356 shares. The stock had previously closed at GBX 580 ($7.87).

BlackRock World Mining Trust Trading Up 1.8%

The stock's 50-day moving average is GBX 568.19 and its 200-day moving average is GBX 515.29. The stock has a market cap of £1.17 billion, a P/E ratio of -997.61 and a beta of 1.01.

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

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.