BlackRock World Mining Trust (LON:BRWM) Sets New 52-Week High - Time to Buy?

Key Points

• BlackRock World Mining Trust (LON:BRWM) reached a new 52-week high of GBX 695 ($9.32) during trading on Thursday, with a significant volume of over 1.75 million shares.
• The trust reported an earnings per share (EPS) of GBX 11.26 for the recent quarter, but showed a negative net margin of 153.65% and a negative return on equity of 1.19%.
• With a market cap of £1.27 billion and a price-to-earnings ratio of -7,039.34, the trust aims to provide diversified investments in mining and metal assets globally.

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 695 ($9.32) and last traded at GBX 695 ($9.32), with a volume of 1757269 shares trading hands. The stock had previously closed at GBX 682 ($9.14).

BlackRock World Mining Trust Price Performance

The company has a market cap of £1.27 billion, a price-to-earnings ratio of -7,039.34 and a beta of 1.01. The firm's 50 day simple moving average is GBX 600.66 and its 200-day simple moving average is GBX 536.08.

BlackRock World Mining Trust (LON:BRWM - Get Free Report) last released its quarterly earnings data 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.

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