BlackRock World Mining Trust (LON:BRWM) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• BlackRock World Mining Trust's stock price surpassed its fifty-day moving average of GBX 555.18, trading as high as GBX 576 on Wednesday.
• The trust has a market capitalization of £1.09 billion and a price-to-earnings ratio of -81.26, indicating a negative earnings outcome.
• The company aims to diversify investments in mining and metal assets globally, with a focus on maximizing total returns through active management.

BlackRock World Mining Trust plc (LON:BRWM - )'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 555.18 ($7.49) and traded as high as GBX 576 ($7.78). BlackRock World Mining Trust shares last traded at GBX 566 ($7.64), with a volume of 283,503 shares traded.

BlackRock World Mining Trust Price Performance

The company's 50 day simple moving average is GBX 555.18 and its 200 day simple moving average is GBX 508.45. The firm has a market cap of £1.09 billion, a price-to-earnings ratio of -81.26 and a beta of 1.01.

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.

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