BlackRock World Mining Trust (LON:BRWM) Hits New 1-Year High - Here's What Happened

Key Points

• BlackRock World Mining Trust shares reached a new 52-week high, trading at GBX 628.07 ($8.54) before settling at GBX 613 ($8.34) with over 1 million shares traded.
• The company has a market capitalization of £1.15 billion and reported earnings per share (EPS) of GBX 11.26, despite a negative net margin of 153.65%.
• BlackRock World Mining Trust aims to provide diversified investments in mining and metal assets, actively managed to maximize total returns, with a strategy that encompasses both quoted securities and royalties.

Shares of BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 628.07 ($8.46) and last traded at GBX 613 ($8.26), with a volume of 1121978 shares. The stock had previously closed at GBX 626 ($8.43).

BlackRock World Mining Trust Price Performance

The stock has a market capitalization of £1.15 billion, a PE ratio of -980.08 and a beta of 1.01. The firm's 50 day simple moving average is GBX 574.77 and its 200 day simple moving average is GBX 519.86.

BlackRock World Mining Trust (LON:BRWM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The investment trust reported GBX 11.26 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%.

BlackRock World Mining Trust Company Profile

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.