BlackRock World Mining Trust (LON:BRWM) Posts Quarterly Earnings Results

Key Points

• BlackRock World Mining Trust reported a quarterly EPS of GBX 11.26 but faced significant financial challenges with a negative net margin of 153.65% and a negative return on equity of 1.19%.
• The stock opened at GBX 572.44, showing a price-to-earnings ratio of -912.26, with a market capitalization of £1.07 billion.
• BlackRock World Mining Trust aims to provide a diversified investment in mining and metal assets globally, focusing on maximizing total returns through various investment strategies.

BlackRock World Mining Trust (LON:BRWM - Get Free Report) released its quarterly earnings results on Wednesday. The investment trust reported GBX 11.26 EPS for the quarter, Digital Look Earnings reports. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

BlackRock World Mining Trust Stock Up 0.5%

BRWM traded up GBX 3 on Friday, hitting GBX 580. The company had a trading volume of 1,632,984 shares, compared to its average volume of 575,074. The company has a market cap of £1.09 billion, a PE ratio of -924.30 and a beta of 1.01. BlackRock World Mining Trust has a 12-month low of GBX 377 and a 12-month high of GBX 594. The business's fifty day simple moving average is GBX 561.68 and its 200 day simple moving average is GBX 511.59.

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.