BlackRock World Mining Trust (LON:BRWM) Stock Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Shares of BlackRock World Mining Trust dipped below its 50-day moving average (50-day MA GBX 938.17), trading as low as GBX 920 and last at GBX 937.93 on volume of 318,643 shares.
• The trust trades at a low P/E of 2.66 with a market cap of £1.81 billion but shows weak liquidity (current ratio 0.22, quick ratio 0.30) and high leverage (debt-to-equity 6.05).
• Insider Marion Sears purchased 100 shares at GBX 967 on April 9, although corporate insiders hold only 0.16% of the stock.

Shares of BlackRock World Mining Trust plc (LON:BRWM - ) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 938.17 and traded as low as GBX 920. BlackRock World Mining Trust shares last traded at GBX 937.93, with a volume of 318,643 shares trading hands.

BlackRock World Mining Trust Trading Up 3.6%

The company has a 50 day moving average of GBX 938.17 and a 200 day moving average of GBX 853.40. The company has a current ratio of 0.22, a quick ratio of 0.30 and a debt-to-equity ratio of 6.05. The firm has a market cap of £1.81 billion, a price-to-earnings ratio of 2.66 and a beta of 1.01.

Insider Buying and Selling

In related news, insider Marion Sears purchased 100 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average price of GBX 967 per share, with a total value of £967. 0.16% of the stock is currently owned by corporate insiders.

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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.