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BlackRock World Mining Trust (LON:BRWM) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

BlackRock World Mining Trust logo with Financial Services background

Key Points

  • BlackRock World Mining Trust's share price exceeded its 50-day moving average, reaching GBX 574 ($7.72) during trading, indicating possible bullish momentum.
  • The company has a market capitalization of £1.10 billion and a PE ratio of -82.12, suggesting it is currently not profitable.
  • BlackRock World Mining Trust aims to provide a diversified investment in mining and metal assets worldwide, focusing on maximizing total returns through active management.
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Shares of BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 543.51 ($7.30) and traded as high as GBX 574 ($7.71). BlackRock World Mining Trust shares last traded at GBX 574 ($7.71), with a volume of 252,745 shares traded.

BlackRock World Mining Trust Trading Up 0.2%

The firm has a market capitalization of £1.10 billion, a P/E ratio of -82.26 and a beta of 1.01. The firm has a 50-day moving average of GBX 544.91 and a two-hundred day moving average of GBX 502.50.

BlackRock World Mining Trust Company Profile

(Get Free Report)

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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